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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 345960 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 125627 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 1589.58(current price) - 333.31(open price) = 125627 pip
1 trade(s) still open, therefore total profit for open trade(s) is 125627 x 1 = 125627 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Buy Zone (1688.65 to 1334.70).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1688.65)
    • Resistance on 01/26/2018
    • Resistance on 01/25/2018
    • Resistance on 01/24/2018
    • Resistance on 01/23/2018
    • Support on 01/21/2018
    • Support on 01/20/2018
    • Support on 01/17/2018
    • Support on 01/16/2018
    • Support on 12/22/2017
    • Support on 12/15/2017
    • Resistance on 12/13/2017
    • Resistance on 11/24/2017
  • Ending of entry zone (1334.70)
    • Support on 01/17/2018
    • Support on 12/09/2017
    • Support on 12/06/2017
    • Support on 12/02/2017
    • Resistance on 11/30/2017
    • Resistance on 11/22/2017
    • Resistance on 11/18/2017
    • Resistance on 11/15/2017
    • Support on 11/13/2017
    • Resistance on 11/11/2017

DateSat, 01/27/2018 - 08:59
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption 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 40.

Take Profits:

  1. 2097.35
  2. 2311.35
  3. 2746.50
  4. 2947.50
  5. 3167.25
  6. 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