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Weekly forecast Monero technical chart
Symbol XMRUSD

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Trade Setup
#XMRUSD
Total Profit: 3286 pip
Closed trade(s): 436 pip Profit
Open trade(s): 2850 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 55.69 based on 'Valley' entry method at 2019.11.27.

Closed Profit:
TP1 @ 60.05 touched at 2020.01.11 with 436 pip Profit.

Open Profit:
Profit for one trade is 58.54(current price) - 55.69(open price) = 285 pip
10 trade(s) still open, therefore total profit for open trade(s) is 285 x 10 = 2850 pip

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 12, 2020 - 17:48
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 38.5, resumption of uptrend is expected.
  • We make sure when the resistance at 65.5 breaks.
  • If the support at 38.5 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 43.95 on 12/18/2019, so more gains to resistance(s) 60.05 and maximum to Major Resistance (65.50) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 70.

Take Profits:

  1. 60.05
  2. 65.50
  3. 72.10
  4. 82.15
  5. 97.20
  6. 114.85
  7. 137.95
  8. 168.70
  9. 230.10
  10. 298.90
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) Mon, 4 Mar 2024
Monero (XMRUSD) Sun, 4 Feb 2024
Monero (XMRUSD) Sun, 28 Jan 2024
Monero (XMRUSD) Sun, 21 Jan 2024
Monero (XMRUSD) Mon, 15 Jan 2024