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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD
Trade Setup

#ETCUSDT
Total Profit: 70522 pip (12810%)
Closed trade(s): 68124 pip Profit (12374%)
Open trade(s): 2398 pip Profit (436%)

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 29.49(current price) - 5.51(open price) = 2398 pip (436%)
1 trade(s) still open, therefore total profit for open trade(s) is 2398 (436%) x 1 = 2398 pip (436%)

Trading suggestion:

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

DateJanuary 9, 2022 - 15:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 24.95, beginning of uptrend is expected.
  • We make sure when the resistance at 44.50 breaks.
  • If the support at 24.95 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 24.95 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 38.7000 on 12/27/2021, so more losses minimum to Major Support (24.9500) 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 26.

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.

Symbol Released Current Forecast
Ethereum Classic (ETCUSD) Sun, 14 Apr 2024
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