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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

Download MT4 template file

Trade Setup
#XMRBTC
Total Profit: 696 pip
Closed trade(s): 66 pip Profit
Open trade(s): 630 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 0.00742 based on 'Valley' entry method at 2020.03.26.

Closed Profit:
TP1 @ 0.00755 touched at 2020.03.27 with 13 pip Profit.
TP2 @ 0.00795 touched at 2020.04.03 with 53 pip Profit.
13 + 53 = 66 pip

Open Profit:
Profit for one trade is 0.00812(current price) - 0.00742(open price) = 70 pip
9 trade(s) still open, therefore total profit for open trade(s) is 70 x 9 = 630 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.
DateApril 15, 2020 - 19:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.002500, beginning of uptrend is expected.
  • We make sure when the resistance at 0.009450 breaks.
  • If the support at 0.002500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.00760 on 04/13/2020, so more gains to resistance(s) 0.00860 and maximum to Major Resistance (0.00945) 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 63.

Take Profits:

  1. 0.00755
  2. 0.00795
  3. 0.00860
  4. 0.00945
  5. 0.01220
  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) 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.