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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD
Trade Setup

#BCHUSDT
Total Profit: 1978 pip (34%)
Closed trade(s): 2228 pip Profit (39%)
Open trade(s): -250 pip Profit (-5%)

Trade Setup:
We opened 7 BUY trade(s) @ 571.1 based on 'Valley' entry method at 2021.10.04.

Closed Profit:
TP1 @ 637.0 touched at 2021.10.15 with 659 pip Profit (12%).
TP2 @ 728.0 touched at 2021.11.09 with 1569 pip Profit (27%).
659 (12%) + 1569 (27%) = 2228 pip (39%)

Open Profit:
Profit for one trade is 566.1(current price) - 571.1(open price) = -50 pip (-1%)
5 trade(s) still open, therefore total profit for open trade(s) is -50 (-1%) x 5 = -250 pip (-5%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (468.00 to 435.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (468.00)
  • Ending of entry zone (435.00)

DateNovember 22, 2021 - 16:14
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 384.3, beginning of uptrend is expected.
  • We make sure when the resistance at 773.2 breaks.
  • If the support at 384.3 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 trough is formed in daily chart at 531.00 on 10/27/2021, so more gains to resistance(s) 596.00, 637.00, 728.00 and maximum to Major Resistance (773.18) 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 42.

Take Profits:

  1. 548.00
  2. 637.00
  3. 728.00
  4. 832.00
  5. 1120.00
  6. 1292.00
  7. 1650.50
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