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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

Download MT4 template file

Trade Setup
#ETCUSD
Total Profit: 159493 pip (290%)
Closed trade(s): 80345 pip Profit (146%)
Open trade(s): 79148 pip Profit (144%)

Trade Setup:
We opened 9 BUY trade(s) @ 5.5057 based on 'Hammer' entry method at 2020.12.24.

Closed Profit:
TP1 @ 5.9555 touched at 2020.12.27 with 4498 pip Profit (8%).
TP2 @ 6.3305 touched at 2021.01.03 with 8248 pip Profit (15%).
TP3 @ 7.0910 touched at 2021.01.04 with 15853 pip Profit (29%).
TP4 @ 7.5580 touched at 2021.01.06 with 20523 pip Profit (37%).
TP5 @ 8.6280 touched at 2021.01.10 with 31223 pip Profit (57%).
4498 (8%) + 8248 (15%) + 15853 (29%) + 20523 (37%) + 31223 (57%) = 80345 pip (146%)

Open Profit:
Profit for one trade is 7.4844(current price) - 5.5057(open price) = 19787 pip (36%)
4 trade(s) still open, therefore total profit for open trade(s) is 19787 (36%) x 4 = 79148 pip (144%)

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 6.33 is broken, we will close open trades.

DateJanuary 13, 2021 - 19:14
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 6.33 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 6.33 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 9.4698 on 01/10/2021, so more losses to support(s) 7.0910 and minimum to Major Support (6.3305) 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 56.

Take Profits:

  1. 5.9555
  2. 6.3305
  3. 7.0910
  4. 7.5580
  5. 8.6280
  6. 9.7035
  7. 11.2200
  8. 13.1800
Click on the level to view price action history.

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