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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

Download MT4 template file

Trade Setup
#ETHBTC
Total Profit: 590 pip
Closed trade(s): 590 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.03140 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 0.03185 touched at 2020.07.26 with 45 pip Profit.
TP2 @ 0.03330 touched at 2020.08.02 with 190 pip Profit.
TP3 @ 0.03495 touched at 2020.08.03 with 355 pip Profit.
45 + 190 + 355 = 590 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.02845 to 0.02750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.02845)
    • Resistance on 12/08/2017
    • Support on 12/10/2017
    • Support on 09/11/2018
    • Support on 09/12/2018
    • Support on 09/13/2018
    • Support on 11/25/2018
    • Support on 11/26/2018
    • Support on 11/27/2018
    • Support on 11/28/2018
    • Resistance on 11/30/2018
    • Resistance on 12/01/2018
    • Resistance on 12/02/2018
    • Resistance on 12/03/2018
    • Support on 05/03/2019
    • Support on 05/08/2019
    • Resistance on 05/11/2019
    • Resistance on 05/12/2019
    • Support on 06/20/2019
    • Support on 06/21/2019
    • Support on 06/22/2019
    • Resistance on 07/02/2019
    • Resistance on 02/18/2020
    • Peak on 03/07/2020
    • Support on 07/24/2020
    • Support on 07/28/2020
    • Support on 07/29/2020
    • Support on 07/30/2020
  • Ending of entry zone (0.02750)
    • Support on 09/12/2018
    • Support on 11/27/2018
    • Support on 12/03/2018
    • Support on 12/04/2018
    • Resistance on 12/06/2018
    • Resistance on 12/07/2018
    • Resistance on 12/08/2018
    • Resistance on 12/19/2018
    • Support on 12/21/2018
    • Support on 05/09/2019
    • Resistance on 02/14/2020
    • Resistance on 02/15/2020
    • Resistance on 02/20/2020
    • Resistance on 02/21/2020
    • Resistance on 02/22/2020
    • Resistance on 02/23/2020
    • Resistance on 02/24/2020
    • Resistance on 02/25/2020
    • Resistance on 03/07/2020
DateSeptember 12, 2020 - 17:09
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.03185, resumption of uptrend is expected.
  • We make sure when the resistance at 0.04130 breaks.
  • If the support at 0.03185 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 44 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.03107 on 09/05/2020, so more gains maximum to Major Resistance (0.04130) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Take Profits:

  1. 0.03185
  2. 0.03330
  3. 0.03495
  4. 0.04130
  5. 0.05695
  6. 0.06955
  7. 0.08550
Click on the level to view price action history.
Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) Tue, 2 Apr 2024
Ethereum / Bitcoin (ETHBTC) Mon, 11 Mar 2024
Ethereum / Bitcoin (ETHBTC) Tue, 20 Feb 2024
Ethereum / Bitcoin (ETHBTC) Tue, 30 Jan 2024
Ethereum / Bitcoin (ETHBTC) Wed, 10 Jan 2024
History
Daily-Trading-Opportunities on ETHBTC.