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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD
Trade Setup

#BCHUSD
Total Profit: -286 point (-22%)
Closed trade(s): 0 point Profit
Open trade(s): -286 point Profit

Trade Setup:
We opened 11 BUY trades @ 131.3 based on 'Valley' entry method at 2022-09-11.

Open Profit:
Profit for one BUY trade is 128.7(current price) - 131.3(open price) = -26 point (-2%)
11 trade(s) still open, therefore total profit for open trade(s) is -26 (-2%) x 11 = -286 point (-22%)

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.

DateJanuary 21, 2023 - 14:55
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 87.0, beginning of uptrend is expected.
  • We make sure when the resistance at 165.5 breaks.
  • If the support at 87.0 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 95.0 on 12/30/2022, so more gains to resistance(s) 147.0 and maximum to Major Resistance (165.5) 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 73.

Take Profits:

  1. 147.0
  2. 165.5
  3. 211.5
  4. 260.0
  5. 391.0
  6. 476.0
  7. 548.0
  8. 637.0
  9. 729.5
  10. 832.0
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