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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00780 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 (0.00780)
    • Support on 06/27/2019
    • Support on 06/29/2019
    • Support on 07/02/2019
    • Support on 07/09/2019
    • Support on 07/10/2019
    • Support on 07/11/2019
    • Support on 07/12/2019
    • Support on 07/15/2019
    • Support on 07/16/2019
    • Support on 07/17/2019
    • Support on 07/18/2019
    • Support on 07/19/2019
    • Support on 07/20/2019
    • Support on 08/05/2019
    • Support on 08/06/2019
  • 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
DateAugust 7, 2019 - 18:00
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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.01150 on 06/20/2019, so more losses to support(s) 0.00780 and minimum to Major Support (0.00750) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

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.