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Weekly forecast ETP / BIT technical chart
Symbol ETPBIT

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 31, 2020 - 13:15
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • 36.26005 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 22.1456 on 2020-02-18 and the trough at 10.0589 on 2020-03-13, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 13.38000 on 05/27/2020, so more losses to support(s) 9.99900 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Supports and Resistances:

  1. 1101.00000
  2. 687.90265
  3. 560.48020
  4. 381.70090
  5. 275.65050
  6. 231.00000
  7. 155.00000
  8. 121.00000
  9. 90.50000
  10. 68.00000
Click on the level to view price action history.

Symbol Released Current Forecast
ETP / BIT (ETPBIT) Sat, 7 Aug 2021
ETP / BIT (ETPBIT) Sat, 31 Jul 2021
ETP / BIT (ETPBIT) Mon, 26 Jul 2021
ETP / BIT (ETPBIT) Sun, 18 Jul 2021
ETP / BIT (ETPBIT) Sun, 11 Jul 2021