website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

Download MT4 template file

Trade Setup
#XMRBTC
Total Profit: 2594 pip
Closed trade(s): 333 pip Profit
Open trade(s): 2261 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.00764 based on 'Valley' entry method at 2020.07.15.

Closed Profit:
TP1 @ 0.00815 touched at 2020.08.07 with 51 pip Profit.
TP2 @ 0.00865 touched at 2020.08.21 with 101 pip Profit.
TP3 @ 0.00945 touched at 2020.09.30 with 181 pip Profit.
51 + 101 + 181 = 333 pip

Open Profit:
Profit for one trade is 0.01087(current price) - 0.00764(open price) = 323 pip
7 trade(s) still open, therefore total profit for open trade(s) is 323 x 7 = 2261 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.
  • If the Midterm level 0.008650 is broken, we will close open trades.
  • Price may also reach 0.008650, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateOctober 11, 2020 - 21:30
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.008650 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.008650 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.00745 on 09/05/2020, so more gains to resistance(s) 0.01220, 0.01400, 0.01600 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. 0.00815
  2. 0.00865
  3. 0.00945
  4. 0.01220
  5. 0.01400
  6. 0.01600
  7. 0.01900
  8. 0.02300
  9. 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