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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 36301 pip (160%)
Closed trade(s): 6711 pip Profit (30%)
Open trade(s): 29590 pip Profit (130%)

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 (9%).
TP2 @ 269.50 touched at 2020.10.22 with 4753 pip Profit (21%).
1958 (9%) + 4753 (21%) = 6711 pip (30%)

Open Profit:
Profit for one trade is 251.56(current price) - 221.97(open price) = 2959 pip (13%)
10 trade(s) still open, therefore total profit for open trade(s) is 2959 (13%) x 10 = 29590 pip (130%)

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.

DateNovember 17, 2020 - 16:20
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 203.2, beginning of uptrend is expected.
  • We make sure when the resistance at 325.1 breaks.
  • If the support at 203.2 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 281.15 on 10/28/2020, so more losses to support(s) 241.55, 215.95 and minimum to Major Support (203.15) 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. 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, 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