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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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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.

While the price is below the level 0.00755, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.00755 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
    • Support on 05/07/2020
    • Support on 05/08/2020
    • Support on 11/30/2020
  • Ending of entry zone (0.00600)
    • Support on 10/27/2019
DateDecember 1, 2020 - 22:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.006000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.008650 breaks.
  • If the support at 0.006000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.00640 on 11/21/2020, so more gains to resistance(s) 0.00705, 0.00755, 0.00815 and maximum to Major Resistance (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 33.

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) 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.