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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD
Trade Setup

#ETCUSDT
Total Profit: 72890 pip (13240%)
Closed trade(s): 68124 pip Profit (12374%)
Open trade(s): 4766 pip Profit (866%)

Trade Setup:
We opened 8 BUY trade(s) @ 5.51 based on 'Hammer' entry method at 2020.12.24.

Closed Profit:
TP1 @ 62.26 touched at 2021.05.04 with 5675 pip Profit (1031%).
TP2 @ 71.00 touched at 2021.05.04 with 6549 pip Profit (1190%).
TP3 @ 80.55 touched at 2021.05.05 with 7504 pip Profit (1363%).
TP4 @ 92.00 touched at 2021.05.05 with 8649 pip Profit (1571%).
TP5 @ 108.80 touched at 2021.05.06 with 10329 pip Profit (1876%).
TP6 @ 125.60 touched at 2021.05.06 with 12009 pip Profit (2181%).
TP7 @ 179.60 touched at 2021.05.06 with 17409 pip Profit (3162%).
5675 (1031%) + 6549 (1190%) + 7504 (1363%) + 8649 (1571%) + 10329 (1876%) + 12009 (2181%) + 17409 (3162%) = 68124 pip (12374%)

Open Profit:
Profit for one trade is 53.17(current price) - 5.51(open price) = 4766 pip (866%)
1 trade(s) still open, therefore total profit for open trade(s) is 4766 (866%) x 1 = 4766 pip (866%)

Trading suggestion:

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

DateOctober 15, 2021 - 09:21
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 37.65, beginning of uptrend is expected.
  • We make sure when the resistance at 77.06 breaks.
  • If the support at 37.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 37.65 is broken.

Technical analysis:

  • A trough is formed in daily chart at 44.5500 on 09/29/2021, so more gains to resistance(s) 56.9723, 62.2614, 71.0000 and maximum to Major Resistance (77.0631) 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 49.

Supports and Resistances:

  1. 179.6000
  2. 125.6000
  3. 108.8000
  4. 92.0000
  5. 80.5500
  6. 71.0000
  7. 62.2614
  8. 13.2000
Click on the level to view price action history.

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