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Weekly forecast Monero technical chart
Symbol XMRUSD
Trade Setup

#XMRUSD
Total Profit: 2223 point (156%)
Closed trade(s): 162 point Profit
Open trade(s): 2061 point Profit

Trade Setup:
We opened 10 BUY trades @ 139.7 based on 'Two Day Reversal Candle' entry method at 2023-03-11.

Closed Profit:
TP1 @ 155.9 touched at 2023-03-14 with 162 point Profit. (12%)

Open Profit:
Profit for one BUY trade is 162.6(current price) - 139.7(open price) = 229 point (16%)
9 trade(s) still open, therefore total profit for open trade(s) is 229 (16%) x 9 = 2061 point (144%)

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.

DateMarch 25, 2023 - 13:58
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 132.00, beginning of uptrend is expected.
  • We make sure when the resistance at 187.00 breaks.
  • If the support at 132.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 132.0 on 03/10/2023, so more gains to resistance(s) 174.0 and maximum to Major Resistance (187.0) 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 60.

Take Profits:

  1. 155.9
  2. 174.0
  3. 187.0
  4. 251.2
  5. 289.5
  6. 338.8
  7. 375.0
  8. 426.0
  9. 517.8
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) new Sun, 19 May 2024
Monero (XMRUSD) Sun, 12 May 2024
Monero (XMRUSD) Mon, 4 Mar 2024
Monero (XMRUSD) Sun, 4 Feb 2024
Monero (XMRUSD) Sun, 28 Jan 2024