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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 420509 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 200176 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 2335.07(current price) - 333.31(open price) = 200176 pip
1 trade(s) still open, therefore total profit for open trade(s) is 200176 x 1 = 200176 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2285.90 to 2042.05). 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 (2285.90)
    • Support on 01/09/2018
    • Support on 01/08/2018
    • Support on 01/06/2018
    • Support on 01/05/2018
    • Support on 01/04/2018
    • Support on 01/02/2018
    • Support on 01/01/2018
    • Support on 12/29/2017
    • Support on 12/28/2017
    • Support on 12/24/2017
    • Support on 12/23/2017
    • Support on 12/22/2017
    • Resistance on 12/18/2017
  • Ending of entry zone (2042.05)
    • Support on 12/30/2017
    • Support on 12/22/2017
    • Support on 12/19/2017
    • Resistance on 12/14/2017

DateWed, 01/10/2018 - 10:59
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

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

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 50.

Take Profits:

  1. 2746.50
  2. 2909.40
  3. 3160.00
  4. 4088.05
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) Thu, 26 Jul 2018
Bitcoin Cash (BCHUSD) Wed, 18 Jul 2018
Bitcoin Cash (BCHUSD) Wed, 27 Jun 2018
Bitcoin Cash (BCHUSD) Wed, 20 Jun 2018
Bitcoin Cash (BCHUSD) free Wed, 6 Jun 2018