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Weekly forecast Monero technical chart
Symbol XMRUSD

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Trade Setup
#XMRUSD
Total Profit: 42365 pip (578%)
Closed trade(s): 24065 pip Profit (329%)
Open trade(s): 18300 pip Profit (249%)

Trade Setup:
We opened 8 BUY trade(s) @ 73.12 based on 'Valley' entry method at 2020.07.23.

Closed Profit:
TP1 @ 82.15 touched at 2020.07.28 with 903 pip Profit (12%).
TP2 @ 96.50 touched at 2020.08.18 with 2338 pip Profit (32%).
TP3 @ 120.95 touched at 2020.10.11 with 4783 pip Profit (65%).
TP4 @ 137.95 touched at 2020.10.26 with 6483 pip Profit (89%).
TP5 @ 168.70 touched at 2020.12.27 with 9558 pip Profit (131%).
903 (12%) + 2338 (32%) + 4783 (65%) + 6483 (89%) + 9558 (131%) = 24065 pip (329%)

Open Profit:
Profit for one trade is 134.12(current price) - 73.12(open price) = 6100 pip (83%)
3 trade(s) still open, therefore total profit for open trade(s) is 6100 (83%) x 3 = 18300 pip (249%)

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.
  • If the Midterm level 121.0 is broken, we will close open trades.

DateJanuary 31, 2021 - 16:34
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 121.0, resumption of uptrend is expected.
  • We make sure when the resistance at 168.7 breaks.
  • If the support at 121.0 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 121.0 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 189.50 on 01/11/2021, so more losses minimum to Major Support (120.95) 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 43.

Take Profits:

  1. 82.15
  2. 96.50
  3. 120.95
  4. 137.95
  5. 168.70
  6. 230.10
  7. 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