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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 2139 pip
Closed trade(s): 333 pip Profit
Open trade(s): 1806 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 0.01022(current price) - 0.00764(open price) = 258 pip
7 trade(s) still open, therefore total profit for open trade(s) is 258 x 7 = 1806 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 0.00865 is broken, we will close open trades.
  • Price may also reach 0.00865, 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 26, 2020 - 15:50
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 0.00865 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 0.00865 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 0.00935 on 10/21/2020, 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 53.

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) Sun, 22 Nov 2020
Monero / Bitcoin (XMRBTC) Tue, 17 Nov 2020
Monero / Bitcoin (XMRBTC) Sun, 8 Nov 2020
Monero / Bitcoin (XMRBTC) free Sun, 1 Nov 2020
Monero / Bitcoin (XMRBTC) free Mon, 26 Oct 2020