ForecastCity

💡Don't miss the great buy opportunity in ETHBTC

Long
BITFINEX:ETHBTC   Ethereum / Bitcoin
Midterm forecast:
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03330 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.03365 on 11/24/2020, so more losses to support(s) 0.02630, 0.02520 and minimum to Major Support (0.02450) 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 30.

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.02630 to 0.02520). 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 (0.02630)
. Ending of entry zone (0.02520)

Take Profits:
TP1= @ 0.02845
TP2= @ 0.02965
TP3= @ 0.03185
TP4= @ 0.03330
TP5= @ 0.04045
TP6= @ 0.04850
TP7= @ 0.05695
TP8= @ 0.06955
TP9= @ 0.08550
TP10 = Free

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ForecastCity English Support Team ❤️
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Comments

Thank you for this chart. Do you mind sharing Gold analysis?
+2 Reply
ForecastCity davidgolandak
@davidgolandak, You're welcome! We update and publish all the forecasts when there is a trading opportunity. For Gold, please check it on our page. We usually update it.
+2 Reply
ForecastCity ForecastCity
+1 Reply
davidgolandak ForecastCity
@ForecastCity, Thank you. I'm a big fan of yours. ❤️
+1 Reply
Thank you for sharing such great chart with all of us.
+1 Reply
ForecastCity Kristalyn
@Kristalyn, We hope you enjoy it.
Reply
You Rock 👏
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks
Reply
It's an excellent chart and TA.
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're very welcome!
We hope you enjoy it.
Reply
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