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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 60919 pip
Closed trade(s): 2599 pip Profit
Open trade(s): 58320 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 243.51 based on 'Valley' entry method at 2020.07.08.

Closed Profit:
TP1 @ 269.50 touched at 2020.07.27 with 2599 pip Profit.

Open Profit:
Profit for one trade is 301.83(current price) - 243.51(open price) = 5832 pip
10 trade(s) still open, therefore total profit for open trade(s) is 5832 x 10 = 58320 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.
  • If the Midterm level 269.5 is broken, we will close open trades.

DateAugust 10, 2020 - 13:42
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 269.5 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 269.5 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 336.45 on 08/02/2020, so more losses minimum to Major Support (269.50) 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 61.

Take Profits:

  1. 269.50
  2. 352.95
  3. 403.35
  4. 494.00
  5. 637.00
  6. 832.10
  7. 1120.15
  8. 1686.75
  9. 2145.55
  10. 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