Bitcoin Cash Chart July 2018

Bitcoin Cash Chart July 2018

High: $809.5 USD

Low: $781.9 USD

Major Resistance Level: $810

as per Hour MACD Placed in the Buy zone for buyers is slightly and likely to maintain it."Bitcoin Cash Chart July 2018"

Image courtesy of tradingview.com

During 24 hours, after Bitcoin Cash (BCH) had once crossed the $760 resistance level, the bitcoin cash bch had quite rapidly moved up to the $780 resistance level and crossed it. At the time of writing, as the chart shows, the BCH/USD pair is trading at $800.4. (As of 17th July 2018) The blue line (moving average) at the time of writing shows 725.22, as can be seen on the chart. There is a strong chance in a chart that Bitcoin Cash bch will continue to see an uptrend if the present situation continues. The BlackRock news also had a positive effect on the Bitcoin Cash market like on many other altcoins. This had also created a rising pressure among the buyers and moved the pair to the Buy zone. One can expect for Bitcoin Cash to strongly move upward into this region if the current uptrend continues. There is also a chance that the pair experience a slight upward and downward movement (daily range) before setting above the $800 resistance level.

The Financial Industry Regulatory Authority (FINRA) and the SEC together had given Coinbase the permission to acquire two more companies—Venovate Marketplace Inc. and Digital Wealth LLC. It was reported by Bloomberg. This may also have a positive effect on the overall cryptocurrency market and continue to keep both Bitcoin and Bitcoin Cash as well as other cryptocurrencies in the green zone.

New trading suggestion: 

*The price of bitcoin cash is in a range bound and we predicted the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (832.10). if so, crypto traders can set orders based on Price Action and expect to reach short-term targets.

Midterm Prediction: 

There is no trend in the market for buying bch and the price is in a range bound, but we predicted an uptrend wave above 832.10 would begin in Midterm.

Technical analysis: 

The Relative Strength Index (RSI) bounced from the support level #1 at 35 and it prevented the price from more losses.
if bitcoin cash price rises more, this support level can act as a dynamic resistance against more gains.
Relative strength index ( RSI ) is 39.

Take Profits: 

TP1= @ 748.60
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free

Trade Setup: 

We opened 9 Buying trades @ 627.89 based on 'Two-Day reversal candles ( Hammer in D2 time frame)' entry method at 2018.04.07.'Bitcoin Cash Chart July 2018'
There is a possibility for the resumption of an uptrend in bitcoin cash and bch/usd .!!

Total Profit: 331814 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 151884 pip Profit

Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip

Open Profit: 

Profit for one trade is 1007.60(current price) - 627.89(open price) = 37971 pip
4 trades still open, therefore the total profit for a open trades is 37971 x 4 = 151884 pip

Bitcoin Cash (BCH) Long-term Price Prediction

Bitcoin Cash Price Bounced Back