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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 696 pip
Closed trade(s): 152 pip Profit
Open trade(s): 544 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.00764 based on 'Valley' entry method at 2020.07.15.

Closed Profit:
TP1 @ 0.00815 touched at 2020.08.07 with 51 pip Profit.
TP2 @ 0.00865 touched at 2020.08.21 with 101 pip Profit.
51 + 101 = 152 pip

Open Profit:
Profit for one trade is 0.00832(current price) - 0.00764(open price) = 68 pip
8 trade(s) still open, therefore total profit for open trade(s) is 68 x 8 = 544 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.

DateSeptember 13, 2020 - 15:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.006000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.009450 breaks.
  • If the support at 0.006000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.00745 on 09/05/2020, so more gains to resistance(s) 0.00865 and maximum to Major Resistance (0.00945) 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 59.

Take Profits:

  1. 0.00815
  2. 0.00865
  3. 0.00945
  4. 0.01220
  5. 0.01400
  6. 0.01600
  7. 0.01900
  8. 0.02300
  9. 0.02565
Click on the level to view price action history.

Symbol Released Current Forecast
Monero / Bitcoin (XMRBTC) Mon, 11 Mar 2024
Monero / Bitcoin (XMRBTC) Tue, 20 Feb 2024
Monero / Bitcoin (XMRBTC) Tue, 30 Jan 2024
Monero / Bitcoin (XMRBTC) Wed, 10 Jan 2024
Monero / Bitcoin (XMRBTC) Sun, 17 Dec 2023