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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 758 pip
Closed trade(s): 178 pip Profit
Open trade(s): 580 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.00386 based on 'Valley' entry method at 2021.02.10.

Closed Profit:
TP1 @ 0.00450 touched at 2021.02.12 with 64 pip Profit.
TP2 @ 0.00500 touched at 2021.02.13 with 114 pip Profit.
64 + 114 = 178 pip

Open Profit:
Profit for one trade is 0.00444(current price) - 0.00386(open price) = 58 pip
10 trade(s) still open, therefore total profit for open trade(s) is 58 x 10 = 580 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.

DateMarch 4, 2021 - 23:29
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.003450, beginning of uptrend is expected.
  • We make sure when the resistance at 0.005000 breaks.
  • If the support at 0.003450 is broken, the short-term forecast -beginning 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 0.00498 on 02/28/2021, so more losses to support(s) 0.00370 and minimum to Major Support (0.00345) 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 50.

Take Profits:

  1. 0.00450
  2. 0.00500
  3. 0.00600
  4. 0.00705
  5. 0.00815
  6. 0.00945
  7. 0.01170
  8. 0.01515
  9. 0.01880
  10. 0.02245
  11. 0.02760
Click on the level to view price action history.

Symbol Released Current Forecast
Monero / Bitcoin (XMRBTC) Tue, 2 Apr 2024
Monero / Bitcoin (XMRBTC) Mon, 11 Mar 2024
Monero / Bitcoin (XMRBTC) Tue, 20 Feb 2024
Monero / Bitcoin (XMRBTC) Tue, 30 Jan 2024
Monero / Bitcoin (XMRBTC) Wed, 10 Jan 2024