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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 3, 2022 - 20:08
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.004500, resumption of uptrend is expected.
  • We make sure when the resistance at 0.007000 breaks.
  • If the support at 0.004500 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.004500 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.006800 on 07/16/2022, so more losses to support(s) 0.006500, 0.006130, 0.005700 and minimum to Major Support (0.004500) 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 56.

Supports and Resistances:

  1. 0.009000
  2. 0.007500
  3. 0.007000
  4. 0.006500
  5. 0.006130
  6. 0.005700
  7. 0.005338
  8. 0.005000
  9. 0.004500
Click on the level to view price action history.

Symbol Released Current Forecast
Monero / Bitcoin (XMRBTC) Wed, 24 Aug 2022
Monero / Bitcoin (XMRBTC) free Wed, 3 Aug 2022
Monero / Bitcoin (XMRBTC) Tue, 19 Jul 2022
Monero / Bitcoin (XMRBTC) Tue, 14 Jun 2022
Monero / Bitcoin (XMRBTC) Tue, 7 Jun 2022