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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 3524240 pip (1629%)
Closed trade(s): 1071800 pip Profit (495%)
Open trade(s): 2452440 pip Profit (1134%)

Trade Setup:
We opened 12 BUY trade(s) @ 216.450 based on 'Valley' entry method at 2020.09.25.

Closed Profit:
TP1 @ 241.550 touched at 2020.10.12 with 25100 pip Profit (12%).
TP2 @ 269.500 touched at 2020.10.22 with 53050 pip Profit (25%).
TP3 @ 325.100 touched at 2020.11.24 with 108650 pip Profit (50%).
TP4 @ 403.350 touched at 2021.01.04 with 186900 pip Profit (86%).
TP5 @ 494.000 touched at 2021.01.11 with 277550 pip Profit (128%).
TP6 @ 637.000 touched at 2021.02.15 with 420550 pip Profit (194%).
25100 (12%) + 53050 (25%) + 108650 (50%) + 186900 (86%) + 277550 (128%) + 420550 (194%) = 1071800 pip (495%)

Open Profit:
Profit for one trade is 625.190(current price) - 216.450(open price) = 408740 pip (189%)
6 trade(s) still open, therefore total profit for open trade(s) is 408740 (189%) x 6 = 2452440 pip (1134%)

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.
  • If the Midterm level 403.4 is broken, we will close open trades.
DateFebruary 22, 2021 - 21:43
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 403.4 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 403.4 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 370.25 on 01/27/2021, so more gains to resistance(s) 637.00, 832.10, 1120.15 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Take Profits:

  1. 241.55
  2. 269.50
  3. 325.10
  4. 403.35
  5. 494.00
  6. 637.00
  7. 832.10
  8. 1120.15
  9. 1686.75
  10. 2145.55
  11. 2604.40
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) Sun, 14 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 7 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 31 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BCHUSD.