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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC
Trade Setup

#XMRBTC
Total Profit: -770 pip (-125%)
Closed trade(s): -770 pip Profit (-125%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 5 BUY trade(s) @ 0.00619 based on 'Valley' entry method at 2021.09.09.

Closed Profit:
Profit for one trade is 0.00466(current price) - 0.00619(open price) = -154 pip (-25%)
5 trade(s) closed at market price as the major support is broken, therefore total profit will increase by -154 (-25%) x 5 = -770 pip (-125%)

Trading suggestion:

Price is below the Trend Hunter Buy Zone (0.00570 to 0.00534).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.00570)
  • Ending of entry zone (0.00534)

DateOctober 16, 2021 - 22:11
Currentdowntrend
Forecastresumption of downtrend

Midterm forecast:

  • 0.005000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.00580 on 10/01/2021, so more losses minimum to Trend Hunter Buy Zone (0.00570 to 0.00534) 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 29.

Take Profits:

  1. 0.00613
  2. 0.00650
  3. 0.00700
  4. 0.00750
  5. 0.00900
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