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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD
Trade Setup

#BCHUSD
Total Profit: -3817 point (-286%)
Closed trade(s): 0 point Profit
Open trade(s): -3817 point Profit

Trade Setup:
We opened 11 BUY trades @ 131.3 based on 'Valley' entry method at 2022-09-11.

Open Profit:
Profit for one BUY trade is 96.6(current price) - 131.3(open price) = -347 point (-26%)
11 trade(s) still open, therefore total profit for open trade(s) is -347 (-26%) x 11 = -3817 point (-286%)

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.
DateJanuary 1, 2023 - 14:25
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 87.0, beginning of uptrend is expected.
  • We make sure when the resistance at 165.5 breaks.
  • If the support at 87.0 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 120.0 on 11/23/2022, so more losses minimum to Major Support (87.0) 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 36.

Take Profits:

  1. 147.0
  2. 165.5
  3. 211.5
  4. 260.0
  5. 391.0
  6. 476.0
  7. 548.0
  8. 637.0
  9. 729.5
  10. 832.0
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) Sun, 14 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 7 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 31 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BCHUSD.