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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Monero / Bitcoin technical chart

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00630 to 0.00580). 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 0.00745, 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 0.00745 and expect to reach short-term targets.

  • Beginning of entry zone (0.00630)
    • Support on 10/13/2019
    • Support on 10/16/2019
  • Ending of entry zone (0.00580)

DateFri, 10/18/2019 - 17:33
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01000 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • A peak is formed in daily chart at 0.00805 on 09/19/2019, so more losses minimum to Trend Hunter Buy Zone (0.00630 to 0.00580) 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 61.

Take Profits:

  1. 0.00805
  2. 0.00900
  3. 0.01000
  4. 0.01170
  5. 0.01250
  6. 0.01400
  7. 0.01600
  8. 0.01900
  9. 0.02300
  10. 0.02565
Click on the level to view price action history.

Symbol Released Current Forecast
Monero / Bitcoin (XMRBTC) new Sun, 23 Feb 2020
Monero / Bitcoin (XMRBTC) Sun, 16 Feb 2020
Monero / Bitcoin (XMRBTC) Sun, 16 Feb 2020
Monero / Bitcoin (XMRBTC) free Sun, 9 Feb 2020
Monero / Bitcoin (XMRBTC) free Sun, 2 Feb 2020