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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 (0.00615 to 0.00580). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.00615)
    • Support on 10/26/2019
    • Support on 10/27/2019
    • Support on 10/28/2019
    • Support on 12/27/2019
    • Support on 12/28/2019
    • Support on 12/29/2019
  • Ending of entry zone (0.00580)

DateDecember 30, 2019 - 14:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.010000 would begin in Midterm.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.00745 on 2019-07-04 and the trough at 0.00605 on 2019-10-27, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.00750 on 12/12/2019, so more losses minimum to Trend Hunter Buy Zone (0.00615 to 0.00580) 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 31.

Take Profits:

  1. 0.00685
  2. 0.00755
  3. 0.00815
  4. 0.00900
  5. 0.01000
  6. 0.01170
  7. 0.01250
  8. 0.01400
  9. 0.01600
  10. 0.01900
  11. 0.02300
  12. 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