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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00800 to 0.00750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.01000, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.01000 and expect to reach short-term targets.

  • Beginning of entry zone (0.00800)
    • Support on 06/26/2019
    • Support on 06/27/2019
    • Support on 06/28/2019
    • Support on 06/29/2019
    • Support on 06/30/2019
    • Support on 07/01/2019
    • Support on 07/02/2019
    • Support on 07/06/2019
    • Support on 07/12/2019
    • Support on 07/13/2019
    • Support on 07/15/2019
    • Support on 07/22/2019
    • Support on 07/23/2019
    • Support on 07/25/2019
  • Ending of entry zone (0.00750)
    • Support on 07/03/2019
    • Support on 07/04/2019
    • Support on 07/10/2019
    • Support on 07/15/2019
DateJuly 28, 2019 - 15:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.007500, beginning of uptrend is expected.
  • We make sure when the resistance at 0.010000 breaks.
  • If the support at 0.007500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.01150 on 06/20/2019, so more losses to support(s) 0.00800 and minimum to Major Support (0.00750) 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 52.

Take Profits:

  1. 0.01100
  2. 0.01150
  3. 0.01200
  4. 0.01250
  5. 0.01400
  6. 0.01600
  7. 0.01700
  8. 0.01900
  9. 0.02300
Click on the level to view price action history.
Symbol Released Current Forecast
Monero / Bitcoin (XMRBTC) Tue, 2 Apr 2024
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
History
Daily-Trading-Opportunities on XMRBTC.