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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC
Trade Setup

#XMRBTC
Total Profit: 214 pip (47%)
Closed trade(s): 200 pip Profit (47%)
Open trade(s): 14 pip Profit (0%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.00428 based on 'Valley' entry method at 2021.10.21.

Closed Profit:
TP1 @ 0.00450 touched at 2021.10.24 with 22 pip Profit (5%).
TP2 @ 0.00500 touched at 2021.12.31 with 72 pip Profit (17%).
TP3 @ 0.00534 touched at 2022.01.13 with 106 pip Profit (25%).
22 (5%) + 72 (17%) + 106 (25%) = 200 pip (47%)

Open Profit:
Profit for one trade is 0.00430(current price) - 0.00428(open price) = 2 pip (0%)
7 trade(s) still open, therefore total profit for open trade(s) is 2 (0%) x 7 = 14 pip (0%)

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.
DateJanuary 23, 2022 - 12:52
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.003400, resumption of uptrend is expected.
  • We make sure when the resistance at 0.005340 breaks.
  • If the support at 0.003400 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.00535 on 01/15/2022, so more losses to support(s) 0.00392, 0.00380, 0.00350 and minimum to Major Support (0.00340) 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 42.

Take Profits:

  1. 0.00450
  2. 0.00500
  3. 0.00534
  4. 0.00570
  5. 0.00613
  6. 0.00650
  7. 0.00700
  8. 0.00750
  9. 0.00900
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.