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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 66 pip
Closed trade(s): 66 pip Profit
Open trade(s): 0 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

9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00635 to 0.00600). 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 (0.00635)
    • Support on 10/13/2019
    • Support on 10/31/2019
    • Support on 11/01/2019
    • Support on 12/23/2019
    • Resistance on 12/26/2019
    • Resistance on 12/27/2019
    • Resistance on 12/29/2019
    • Resistance on 12/30/2019
    • Resistance on 12/31/2019
    • Resistance on 01/01/2020
    • Support on 03/12/2020
    • Support on 03/13/2020
    • Support on 03/20/2020
    • Support on 03/21/2020
  • Ending of entry zone (0.00600)
    • Support on 10/27/2019
DateMay 3, 2020 - 14:37
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 peak is formed in daily chart at 0.00823 on 04/28/2020, so more losses to support(s) 0.00705, 0.00635, 0.00600 and minimum to Major Support (0.00250) 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 34.

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.