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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup
#ETHUSD
Total Profit: 214082 pip (784%)
Closed trade(s): 62572 pip Profit (229%)
Open trade(s): 151510 pip Profit (555%)

Trade Setup:
We opened 9 BUY trade(s) @ 273.22 based on 'Valley' entry method at 2020.07.23.

Closed Profit:
TP1 @ 286.15 touched at 2020.07.24 with 1293 pip Profit (5%).
TP2 @ 363.45 touched at 2020.08.01 with 9023 pip Profit (33%).
TP3 @ 475.30 touched at 2020.09.01 with 20208 pip Profit (74%).
TP4 @ 593.70 touched at 2020.11.23 with 32048 pip Profit (117%).
1293 (5%) + 9023 (33%) + 20208 (74%) + 32048 (117%) = 62572 pip (229%)

Open Profit:
Profit for one trade is 576.24(current price) - 273.22(open price) = 30302 pip (111%)
5 trade(s) still open, therefore total profit for open trade(s) is 30302 (111%) x 5 = 151510 pip (555%)

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.
  • If the Midterm level 475.30 is broken, we will close open trades.

DateNovember 25, 2020 - 22:01
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 475.30 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 475.30 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 621.490 on 11/24/2020, so more losses to support(s) 488.300 and minimum to Major Support (475.300) 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 72.

Take Profits:

  1. 286.150
  2. 363.450
  3. 475.300
  4. 593.700
  5. 752.200
  6. 911.300
  7. 1135.100
  8. 1420.500
Click on the level to view price action history.

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