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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup

#XMRUSD
Total Profit: 110573 pip (1987%)
Closed trade(s): 77060 pip Profit (1385%)
Open trade(s): 33513 pip Profit (602%)

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 (8%).
TP2 @ 65.50 touched at 2020.01.15 with 981 pip Profit (18%).
TP3 @ 72.10 touched at 2020.01.30 with 1641 pip Profit (29%).
TP4 @ 82.15 touched at 2020.02.09 with 2646 pip Profit (48%).
TP5 @ 97.20 touched at 2020.08.20 with 4151 pip Profit (75%).
TP6 @ 114.85 touched at 2020.10.09 with 5916 pip Profit (106%).
TP7 @ 137.95 touched at 2020.10.26 with 8226 pip Profit (148%).
TP8 @ 168.70 touched at 2020.12.27 with 11301 pip Profit (203%).
TP9 @ 230.10 touched at 2021.02.13 with 17441 pip Profit (313%).
TP10 @ 298.90 touched at 2021.04.11 with 24321 pip Profit (437%).
436 (8%) + 981 (18%) + 1641 (29%) + 2646 (48%) + 4151 (75%) + 5916 (106%) + 8226 (148%) + 11301 (203%) + 17441 (313%) + 24321 (437%) = 77060 pip (1385%)

Open Profit:
Profit for one trade is 390.82(current price) - 55.69(open price) = 33513 pip (602%)
1 trade(s) still open, therefore total profit for open trade(s) is 33513 (602%) x 1 = 33513 pip (602%)

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 204.4 is broken, we will close open trades.
  • Price may also reach 204.4, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateMay 4, 2021 - 18:20
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 204.4 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 204.4 is broken.

Technical analysis:

  • While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 438.80 on 04/28/2021, so more losses to support(s) 372.35, 298.90, 230.10 and minimum to Major Support (204.35) 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 57.

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
History
Daily-Trading-Opportunities on XMRUSD.