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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Monero technical chart
Symbol XMRUSD

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Trade Setup
#XMRUSD
Total Profit: 26452 point
Closed trade(s): 26452 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 14 BUY trade(s) @ 50.70 based on 'Hammer' entry method at 2019.03.12.

Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 600 point Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1480 point Profit.
TP3 @ 76.30 touched at 2019.05.11 with 2560 point Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3795 point Profit.
TP5 @ 100.00 touched at 2019.06.19 with 4930 point Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6415 point Profit.
600 + 1480 + 2560 + 3795 + 4930 + 6415 = 19780 point

Closed Profit:
Profit for one trade is 59.04(current price) - 50.70(open price) = 834 point
8 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 834 x 8 = 6672 point

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (48.00 to 41.70). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (48.00)
    • Resistance on 12/19/2018
    • Support on 12/25/2018
    • Support on 12/26/2018
    • Support on 12/30/2018
    • Support on 01/02/2019
    • Resistance on 01/14/2019
    • Resistance on 01/15/2019
    • Resistance on 01/19/2019
    • Resistance on 01/24/2019
    • Resistance on 01/25/2019
    • Resistance on 01/26/2019
    • Support on 02/12/2019
    • Support on 02/24/2019
    • Support on 02/25/2019
    • Support on 02/26/2019
    • Support on 02/27/2019
    • Support on 02/28/2019
    • Support on 03/01/2019
    • Support on 03/02/2019
    • Support on 03/04/2019
    • Support on 03/05/2019
  • Ending of entry zone (41.70)
    • Support on 12/11/2018
    • Support on 12/12/2018
    • Resistance on 12/14/2018
    • Resistance on 12/16/2018
    • Support on 02/02/2019
    • Support on 02/03/2019
    • Support on 02/04/2019

DateThu, 10/03/2019 - 17:58
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 38.50, resumption of uptrend is expected.
  • We make sure when the resistance at 65.50 breaks.
  • If the support at 38.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 82.00 on 09/19/2019, so more losses to support(s) 48.00, 41.70 and minimum to Major Support (38.50) 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 28.

Take Profits:

  1. 56.70
  2. 65.50
  3. 76.30
  4. 88.65
  5. 100.00
  6. 114.85
  7. 137.95
  8. 149.10
  9. 168.70
  10. 230.10
  11. 298.90
  12. 372.35
  13. 447.10
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) new Mon, 25 May 2020
Monero (XMRUSD) Sun, 10 May 2020
Monero (XMRUSD) Sun, 3 May 2020
Monero (XMRUSD) Sun, 26 Apr 2020
Monero (XMRUSD) Thu, 23 Apr 2020