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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

Download MT4 template file

Trade Setup
#XMRBTC
Total Profit: 1822 pip
Closed trade(s): 400 pip Profit
Open trade(s): 1422 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.
TP3 @ 0.00900 touched at 2020.02.12 with 210 pip Profit.
65 + 125 + 210 = 400 pip

Open Profit:
Profit for one trade is 0.00848(current price) - 0.00690(open price) = 158 pip
9 trade(s) still open, therefore total profit for open trade(s) is 158 x 9 = 1422 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 23, 2020 - 17:05
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 an uptrend wave above 0.006850 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 0.00945 on 02/14/2020, so more losses to support(s) 0.00815, 0.00755 and minimum to Major Support (0.00685) 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 56.

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) 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