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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 324436 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 104103 pip Profit
_______________________________________________
Trade Setup:
We opened 8 BUY trade(s) @ 333.31 (day close price) based on 'Valley' at 2017.10.26.

Closed Profit:
TP1 @ 395.75 touched at 2017.10.28 with 6244 pip Profit.
TP2 @ 467.40 touched at 2017.10.29 with 13409 pip Profit.
TP3 @ 543.85 touched at 2017.11.02 with 21054 pip Profit.
TP4 @ 625.80 touched at 2017.11.03 with 29249 pip Profit.
TP5 @ 707.75 touched at 2017.11.10 with 37444 pip Profit.
TP6 @ 823.95 touched at 2017.11.10 with 49064 pip Profit.
TP7 @ 972.00 touched at 2017.11.10 with 63869 pip Profit.
6244 + 13409 + 21054 + 29249 + 37444 + 49064 + 63869 = 220333 pip

Open Profit:
Profit for one trade is 1374.34(current price) - 333.31(open price) = 104103 pip
1 trade(s) still open, therefore total profit for open trade(s) is 104103 x 1 = 104103 pip
_______________________________________________

DateSun, 11/12/2017 - 15:34
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 93.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (300.95 to 190.10), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (300.95)
    • Support on 10/24/2017
    • Support on 10/23/2017
    • Support on 10/18/2017
    • Support on 10/13/2017
    • Support on 10/10/2017
    • Support on 10/09/2017
    • Support on 09/15/2017
    • Resistance on 08/16/2017
    • Resistance on 08/15/2017
    • Resistance on 08/14/2017
    • Support on 08/12/2017
    • Support on 08/09/2017
    • Support on 08/08/2017
  • Ending of entry zone (190.10)
    • Support on 08/06/2017

Take Profits:

  1. 395.75
  2. 467.40
  3. 543.85
  4. 625.80
  5. 707.75
  6. 823.95
  7. 972.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) new Wed, 20 Jun 2018
Bitcoin Cash (BCHUSD) free Wed, 6 Jun 2018
Bitcoin Cash (BCHUSD) free Wed, 30 May 2018
Bitcoin Cash (BCHUSD) free Tue, 22 May 2018
Bitcoin Cash (BCHUSD) Thu, 17 May 2018