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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD
Trade Setup

#ETCUSD
Total Profit: 4089 point (743%)
Closed trade(s): 2559 point Profit
Open trade(s): 1530 point Profit

Trade Setup:
We opened 9 BUY trades @ 5.51 based on 'Hammer' entry method at 2020-12-24.

Closed Profit:
TP1 @ 5.9555 touched at 2020-12-27 with 45 point Profit. (8%)
TP2 @ 6.3305 touched at 2021-01-03 with 82 point Profit. (15%)
TP3 @ 7.0910 touched at 2021-01-04 with 158 point Profit. (29%)
TP4 @ 7.5580 touched at 2021-01-04 with 205 point Profit. (37%)
TP5 @ 8.6280 touched at 2021-01-10 with 312 point Profit. (57%)
TP6 @ 9.7035 touched at 2021-01-10 with 419 point Profit. (76%)
TP7 @ 11.2200 touched at 2021-02-10 with 571 point Profit. (104%)
TP8 @ 13.1800 touched at 2021-02-13 with 767 point Profit. (139%)
45 (8%) + 82 (15%) + 158 (29%) + 205 (37%) + 312 (57%) + 419 (76%) + 571 (104%) + 767 (139%) = 2559 point (465%)

Open Profit:
Profit for one BUY trade is 20.81(current price) - 5.51(open price) = 1530 point (278%)
1 trade(s) still open, therefore total profit for open trade(s) is 1530 (278%) x 1 = 1530 point (278%)

#ETCUSD
Total Profit: -10505 point (-341%)
Closed trade(s): 0 point Profit
Open trade(s): -10505 point Profit

Trade Setup:
We opened 11 BUY trades @ 30.36 based on 'Valley' entry method at 2022-05-04.

Open Profit:
Profit for one BUY trade is 20.81(current price) - 30.36(open price) = -955 point (-31%)
11 trade(s) still open, therefore total profit for open trade(s) is -955 (-31%) x 11 = -10505 point (-341%)

#ETCUSD
Total Profit: -10505 point (-341%)
Closed trade(s): 0 point Profit
Open trade(s): -10505 point Profit

Trade Setup:
We opened 11 BUY trades @ 30.36 based on 'Valley' entry method at 2022-05-04.

Open Profit:
Profit for one BUY trade is 20.81(current price) - 30.36(open price) = -955 point (-31%)
11 trade(s) still open, therefore total profit for open trade(s) is -955 (-31%) x 11 = -10505 point (-341%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMay 16, 2022 - 14:19
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 16.07, beginning of uptrend is expected.
  • We make sure when the resistance at 51.62 breaks.
  • If the support at 16.07 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 33.05 on 05/05/2022, so more losses minimum to Major Support (16.07) 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 34.

Take Profits:

  1. 34.49
  2. 38.70
  3. 44.50
  4. 51.62
  5. 61.59
  6. 77.00
  7. 94.42
  8. 111.35
  9. 133.92
  10. 179.60
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum Classic (ETCUSD) Sun, 24 Mar 2024
Ethereum Classic (ETCUSD) Sun, 17 Mar 2024
Ethereum Classic (ETCUSD) Sun, 10 Mar 2024
Ethereum Classic (ETCUSD) Sun, 3 Mar 2024
Ethereum Classic (ETCUSD) Sat, 24 Feb 2024