website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 33919 pip
Closed trade(s): 2599 pip Profit
Open trade(s): 31320 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 274.83(current price) - 243.51(open price) = 3132 pip
10 trade(s) still open, therefore total profit for open trade(s) is 3132 x 10 = 31320 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 246.7 is broken, we will close open trades.

DateAugust 30, 2020 - 13:43
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 246.7 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 246.7 is broken.

Technical analysis:

  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 325.40 on 08/17/2020, so more losses to support(s) 269.50 and minimum to Major Support (246.70) 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 47.

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