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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 20548 pip
Closed trade(s): 1958 pip Profit
Open trade(s): 18590 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 221.97 based on 'Valley' entry method at 2020.09.26.

Closed Profit:
TP1 @ 241.55 touched at 2020.10.10 with 1958 pip Profit.

Open Profit:
Profit for one trade is 238.87(current price) - 221.97(open price) = 1690 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1690 x 11 = 18590 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.

DateOctober 11, 2020 - 20:52
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 133.05, beginning of uptrend is expected.
  • We make sure when the resistance at 325.10 breaks.
  • If the support at 133.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 203.00 on 09/23/2020, so more gains to resistance(s) 241.55, 269.50 and maximum to Major Resistance (325.10) 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 58.

Take Profits:

  1. 241.55
  2. 269.50
  3. 325.10
  4. 403.35
  5. 494.00
  6. 637.00
  7. 832.10
  8. 1120.15
  9. 1686.75
  10. 2145.55
  11. 2604.40
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) free Sun, 18 Oct 2020
Bitcoin Cash (BCHUSD) Sun, 11 Oct 2020
Bitcoin Cash (BCHUSD) Tue, 6 Oct 2020
Bitcoin Cash (BCHUSD) Sun, 27 Sep 2020
Bitcoin Cash (BCHUSD) Sat, 12 Sep 2020