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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 1334 pip
Closed trade(s): 333 pip Profit
Open trade(s): 1001 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 0.00907(current price) - 0.00764(open price) = 143 pip
7 trade(s) still open, therefore total profit for open trade(s) is 143 x 7 = 1001 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.

DateNovember 1, 2020 - 20:46
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.008650, resumption of uptrend is expected.
  • We make sure when the resistance at 0.009450 breaks.
  • If the support at 0.008650 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.008650 is broken.

Technical analysis:

  • While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.01060 on 10/26/2020, so more losses minimum to Major Support (0.00865) 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 38.

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