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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.0281 to 0.0251). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.03475, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.03475 and expect to reach short-term targets.

  • Beginning of entry zone (0.0281)
    • Support on 07/11/2019
    • Support on 07/15/2019
    • Support on 07/16/2019
    • Support on 07/19/2019
    • Support on 08/07/2019
    • Support on 08/08/2019
    • Resistance on 08/10/2019
    • Support on 08/15/2019
    • Support on 08/31/2019
    • Support on 09/02/2019
    • Support on 09/03/2019
    • Resistance on 09/05/2019
    • Resistance on 09/06/2019
    • Resistance on 09/28/2019
    • Resistance on 09/29/2019
    • Resistance on 09/30/2019
    • Resistance on 10/01/2019
    • Resistance on 10/06/2019
    • Resistance on 10/09/2019
    • Resistance on 10/10/2019
    • Resistance on 10/20/2019
    • Support on 10/22/2019
    • Support on 10/25/2019
    • Support on 10/29/2019
    • Support on 11/22/2019
    • Support on 11/23/2019
  • Ending of entry zone (0.0251)
    • Support on 07/15/2019
    • Support on 09/25/2019

DateDecember 3, 2019 - 17:09
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.0236, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0652 breaks.
  • If the support at 0.0236 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.0253 on 2019-07-15 and the trough at 0.02505 on 2019-09-25, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.0334 on 11/12/2019, so more losses to support(s) 0.0281, 0.0251 and minimum to Major Support (0.0236) 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 44.

Take Profits:

  1. 0.0403
  2. 0.0480
  3. 0.0549
  4. 0.0652
  5. 0.0868
  6. 0.1055
  7. 0.1245
  8. 0.1857
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash / Bitcoin (BCHBTC) Sat, 12 Sep 2020
Bitcoin Cash / Bitcoin (BCHBTC) Sun, 30 Aug 2020
Bitcoin Cash / Bitcoin (BCHBTC) Sun, 23 Aug 2020
Bitcoin Cash / Bitcoin (BCHBTC) Sun, 16 Aug 2020
Bitcoin Cash / Bitcoin (BCHBTC) Mon, 10 Aug 2020