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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 1132 pip
Closed trade(s): 65 pip Profit
Open trade(s): 1067 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.00690 based on 'Valley' entry method at 2020.01.03.

Closed Profit:
TP1 @ 0.00755 touched at 2020.01.07 with 65 pip Profit.

Open Profit:
Profit for one trade is 0.00787(current price) - 0.00690(open price) = 97 pip
11 trade(s) still open, therefore total profit for open trade(s) is 97 x 11 = 1067 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.

DateFebruary 2, 2020 - 18:13
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 0.008150 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 0.00615 on 12/27/2019, so more gains maximum to Major Resistance (0.00815) 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 67.

Take Profits:

  1. 0.00755
  2. 0.00815
  3. 0.00900
  4. 0.01000
  5. 0.01170
  6. 0.01250
  7. 0.01400
  8. 0.01600
  9. 0.01900
  10. 0.02300
  11. 0.02565
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