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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 85383 pip
Closed trade(s): 15159 pip Profit
Open trade(s): 70224 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 258.38 based on 'Valley' entry method at 2020.01.10.

Closed Profit:
TP1 @ 308.85 touched at 2020.01.14 with 5047 pip Profit.
TP2 @ 359.50 touched at 2020.01.14 with 10112 pip Profit.
5047 + 10112 = 15159 pip

Open Profit:
Profit for one trade is 346.16(current price) - 258.38(open price) = 8778 pip
8 trade(s) still open, therefore total profit for open trade(s) is 8778 x 8 = 70224 pip

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.
DateJanuary 26, 2020 - 17:17
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 252.2, beginning of uptrend is expected.
  • We make sure when the resistance at 403.4 breaks.
  • If the support at 252.2 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 403.35 on 01/18/2020, so more losses to support(s) 308.85 and minimum to Major Support (252.20) 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 65.

Take Profits:

  1. 308.85
  2. 359.50
  3. 474.25
  4. 637.00
  5. 832.10
  6. 1120.15
  7. 1686.75
  8. 2145.55
  9. 2604.40
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) Sun, 14 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 7 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 31 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BCHUSD.