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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (170.20 to 147.00). 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 276.90, 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 276.90 and expect to reach short-term targets.

  • Beginning of entry zone (170.20)
    • Trough on 12/17/2019
    • Support on 12/18/2019
    • Support on 03/12/2020
    • Support on 03/13/2020
    • Support on 03/14/2020
    • Support on 03/15/2020
    • Support on 03/18/2020
  • Ending of entry zone (147.00)
    • Support on 03/13/2020
    • Support on 03/16/2020

DateJune 8, 2020 - 11:36
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 133.1, beginning of uptrend is expected.
  • We make sure when the resistance at 276.9 breaks.
  • If the support at 133.1 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A trough is formed in daily chart at 219.33 on 05/21/2020, so more gains maximum to Major Resistance (276.90) 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 59.

Take Profits:

  1. 205.60
  2. 252.20
  3. 276.90
  4. 352.95
  5. 403.35
  6. 494.00
  7. 637.00
  8. 832.10
  9. 1120.15
  10. 1686.75
  11. 2145.55
  12. 2604.40
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 10 Mar 2024
Bitcoin Cash (BCHUSD) free Mon, 4 Mar 2024
Bitcoin Cash (BCHUSD) free Sat, 24 Feb 2024