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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 327308 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 106975 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 1403.06(current price) - 333.31(open price) = 106975 pip
1 trade(s) still open, therefore total profit for open trade(s) is 106975 x 1 = 106975 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (300.95 to 190.10). 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 (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

DateSat, 12/02/2017 - 18:58
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 57.

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) free Tue, 13 Nov 2018
Bitcoin Cash (BCHUSD) free Mon, 5 Nov 2018
Bitcoin Cash (BCHUSD) Wed, 3 Oct 2018
Bitcoin Cash (BCHUSD) Thu, 20 Sep 2018
Bitcoin Cash (BCHUSD) Thu, 26 Jul 2018