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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD
Trade Setup

#BCHUSD
Total Profit: 769 point (60%)
Closed trade(s): 93 point Profit
Open trade(s): 676 point Profit

Trade Setup:
We opened 14 BUY trades @ 120.2 based on 'Valley' entry method at 2023-03-12.

Closed Profit:
TP1 @ 129.5 touched at 2023-03-14 with 93 point Profit. (8%)

Open Profit:
Profit for one BUY trade is 125.4(current price) - 120.2(open price) = 52 point (4%)
13 trade(s) still open, therefore total profit for open trade(s) is 52 (4%) x 13 = 676 point (52%)

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.

DateMarch 25, 2023 - 11:12
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:

  • A trough is formed in daily chart at 105.0 on 03/10/2023, so more gains to resistance(s) 129.5, 143.5, 154.5 and maximum to Major Resistance (165.5) 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 48.

Take Profits:

  1. 129.5
  2. 143.5
  3. 154.5
  4. 165.5
  5. 211.5
  6. 260.0
  7. 391.0
  8. 476.0
  9. 637.0
  10. 803.5
  11. 1040.0
  12. 1220.0
  13. 1650.1
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) new Sat, 18 May 2024
Bitcoin Cash (BCHUSD) Sun, 12 May 2024
Bitcoin Cash (BCHUSD) Sun, 5 May 2024
Bitcoin Cash (BCHUSD) Sun, 28 Apr 2024
Bitcoin Cash (BCHUSD) Sun, 21 Apr 2024