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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: 55291 pip
Closed trade(s): 6711 pip Profit
Open trade(s): 48580 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 221.97 based on 'Valley' entry method at 2020.09.26.

Closed Profit:
TP1 @ 241.55 touched at 2020.10.10 with 1958 pip Profit.
TP2 @ 269.50 touched at 2020.10.22 with 4753 pip Profit.
1958 + 4753 = 6711 pip

Open Profit:
Profit for one trade is 270.55(current price) - 221.97(open price) = 4858 pip
10 trade(s) still open, therefore total profit for open trade(s) is 4858 x 10 = 48580 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.

DateOctober 25, 2020 - 15:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 133.1, beginning of uptrend is expected.
  • We make sure when the resistance at 325.1 breaks.
  • If the support at 133.1 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 238.10 on 10/20/2020, so more gains maximum to Major Resistance (325.10) 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 64.

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) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 10 Mar 2024
Bitcoin Cash (BCHUSD) free Mon, 4 Mar 2024
Bitcoin Cash (BCHUSD) free Sat, 24 Feb 2024