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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

Download MT4 template file

Trade Setup
#XMRBTC
Total Profit: 1760 pip
Closed trade(s): 190 pip Profit
Open trade(s): 1570 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.
TP2 @ 0.00815 touched at 2020.02.02 with 125 pip Profit.
65 + 125 = 190 pip

Open Profit:
Profit for one trade is 0.00847(current price) - 0.00690(open price) = 157 pip
10 trade(s) still open, therefore total profit for open trade(s) is 157 x 10 = 1570 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 9, 2020 - 18:53
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 an uptrend wave above 0.006850 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 0.00615 on 12/27/2019, so more gains to resistance(s) 0.00900, 0.01000, 0.01170 and more heights 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 72.

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
History
Daily-Trading-Opportunities on XMRBTC.