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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 497 pip (73%)
Closed trade(s): 46 pip Profit (7%)
Open trade(s): 451 pip Profit (66%)

Trade Setup:
We opened 12 BUY trade(s) @ 0.00659 based on 'Valley' entry method at 2020.12.22.

Closed Profit:
TP1 @ 0.00705 touched at 2020.12.23 with 46 pip Profit (7%).

Open Profit:
Profit for one trade is 0.00700(current price) - 0.00659(open price) = 41 pip (6%)
11 trade(s) still open, therefore total profit for open trade(s) is 41 (6%) x 11 = 451 pip (66%)

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.
DateDecember 23, 2020 - 15:24
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 0.008150 breaks.
  • If the support at 0.006000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.0064 on 2020-11-21 and the trough at 0.00625 on 2020-12-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.00625 on 12/21/2020, so more gains to resistance(s) 0.00705, 0.00755 and maximum to Major Resistance (0.00815) 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 49.

Take Profits:

  1. 0.00705
  2. 0.00755
  3. 0.00815
  4. 0.00865
  5. 0.00945
  6. 0.01170
  7. 0.01400
  8. 0.01600
  9. 0.01900
  10. 0.02300
  11. 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.