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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 289796 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 69463 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 1027.94(current price) - 333.31(open price) = 69463 pip
1 trade(s) still open, therefore total profit for open trade(s) is 69463 x 1 = 69463 pip
_______________________________________________

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMon, 03/12/2018 - 17:00
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. 1120.15
  2. 1292.20
  3. 1589.10
  4. 2026.20
  5. 2811.15
  6. 4088.05
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