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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup
#XMRBTC
Total Profit: 1278 pip (327%)
Closed trade(s): 178 pip Profit (47%)
Open trade(s): 1100 pip Profit (280%)

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 (17%).
TP2 @ 0.00500 touched at 2021.02.13 with 114 pip Profit (30%).
64 (17%) + 114 (30%) = 178 pip (47%)

Open Profit:
Profit for one trade is 0.00496(current price) - 0.00386(open price) = 110 pip (28%)
10 trade(s) still open, therefore total profit for open trade(s) is 110 (28%) x 10 = 1100 pip (280%)

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.
DateApril 11, 2021 - 10:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.003500, beginning of uptrend is expected.
  • We make sure when the resistance at 0.005500 breaks.
  • If the support at 0.003500 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 0.00391 on 03/28/2021, so more gains to resistance(s) 0.00500 and maximum to Major Resistance (0.00550) 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 75.

Take Profits:

  1. 0.00450
  2. 0.00500
  3. 0.00600
  4. 0.00700
  5. 0.00800
  6. 0.00950
  7. 0.01150
  8. 0.01500
  9. 0.01900
  10. 0.02250
  11. 0.02750
Click on the level to view price action history.
Symbol Released Current Forecast
Monero / Bitcoin (XMRBTC) new Mon, 22 Apr 2024
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
History
Daily-Trading-Opportunities on XMRBTC.