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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 331640 pip (1533%)
Closed trade(s): 107180 pip Profit (495%)
Open trade(s): 224460 pip Profit (1038%)

Trade Setup:
We opened 12 BUY trade(s) @ 216.45 based on 'Valley' entry method at 2020.09.25.

Closed Profit:
TP1 @ 241.55 touched at 2020.10.10 with 2510 pip Profit (12%).
TP2 @ 269.50 touched at 2020.10.22 with 5305 pip Profit (25%).
TP3 @ 325.10 touched at 2020.11.23 with 10865 pip Profit (50%).
TP4 @ 403.35 touched at 2021.01.03 with 18690 pip Profit (86%).
TP5 @ 494.00 touched at 2021.01.09 with 27755 pip Profit (128%).
TP6 @ 637.00 touched at 2021.02.13 with 42055 pip Profit (194%).
2510 (12%) + 5305 (25%) + 10865 (50%) + 18690 (86%) + 27755 (128%) + 42055 (194%) = 107180 pip (495%)

Open Profit:
Profit for one trade is 590.55(current price) - 216.45(open price) = 37410 pip (173%)
6 trade(s) still open, therefore total profit for open trade(s) is 37410 (173%) x 6 = 224460 pip (1038%)

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.
DateApril 4, 2021 - 17:06
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 403.4, resumption of uptrend is expected.
  • We make sure when the resistance at 833.5 breaks.
  • If the support at 403.4 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 403.4 is broken.

Technical analysis:

  • While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 598.50 on 04/02/2021, so more losses to support(s) 494.00 and minimum to Major Support (403.35) 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 55.

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.