ForecastCity
Long

There is a probability of resuming the uptrend in BCHUSD

BITFINEX:BCHUSD   None
Midterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #3 is not broken, bullish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 51.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (400.0)
Ending of entry zone (279.8)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com
Cmon guys, these overly positive comments here are more than fishy...
+1 Reply
@Jetam, Thank you for your comment.
Reply
Nice analysis as usual!
you are great
Thank you again!
Reply
ForecastCity Alexander_007
@Alexander_007, Thank you for your comment.
Reply
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome!
And thank you for your comment and wish you best.
+1 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, thanks for feedback
+1 Reply
Excellent! as always!
Thank You for sharing!
+2 Reply
ForecastCity Koorosh_FX
@Koorosh_FX, Thank you for your comment and wish you best.
+1 Reply
ForecastCity Koorosh_FX
@Koorosh_FX Thank you for your attention
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out