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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
_______________________________________________

DateWed, 01/10/2018 - 10:59
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish
Open2854.20
High2872.36 on Fri, 12/29/2017 - 15:30
Low2042.05 on Sat, 12/30/2017 - 16:30
Close2335.99
Description

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2285.90 to 2042.05), if so, we would set 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

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
    • Resistance on 01/07/2018
    • Resistance on 01/03/2018
    • Resistance on 01/02/2018
    • Resistance on 12/29/2017
    • Resistance on 12/28/2017
  2. 2909.40
    • Resistance on 12/29/2017
    • Resistance on 12/27/2017
    • Resistance on 12/26/2017
    • Resistance on 12/25/2017
    • Resistance on 12/24/2017
    • Resistance on 12/23/2017
  3. 3160.00
    • Resistance on 12/23/2017
  4. 4088.05
    • Resistance on 12/20/2017

Latest forecasts
Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) free Sat, 27 Jan 2018
Bitcoin Cash (BCHUSD) free Fri, 19 Jan 2018
Bitcoin Cash (BCHUSD) free Wed, 10 Jan 2018
Bitcoin Cash (BCHUSD) free Wed, 27 Dec 2017
Bitcoin Cash (BCHUSD) free Mon, 18 Dec 2017