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Weekly forecast Monero / Bitcoin technical chart
Symbol XMRBTC

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Trade Setup

#XMRBTC
Total Profit: 3514 pip (913%)
Closed trade(s): 1120 pip Profit (290%)
Open trade(s): 2394 pip Profit (623%)

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%).
TP3 @ 0.00600 touched at 2021.04.17 with 214 pip Profit (55%).
TP4 @ 0.00700 touched at 2021.04.20 with 314 pip Profit (81%).
TP5 @ 0.00800 touched at 2021.04.25 with 414 pip Profit (107%).
64 (17%) + 114 (30%) + 214 (55%) + 314 (81%) + 414 (107%) = 1120 pip (290%)

Open Profit:
Profit for one trade is 0.00728(current price) - 0.00386(open price) = 342 pip (89%)
7 trade(s) still open, therefore total profit for open trade(s) is 342 (89%) x 7 = 2394 pip (623%)

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 0.005000 is broken, we will close open trades.

DateMay 4, 2021 - 20:08
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.005000 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 0.005000 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.00806 on 04/25/2021, so more losses to support(s) 0.00700, 0.00600 and minimum to Major Support (0.00500) 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 63.

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) 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
Monero / Bitcoin (XMRBTC) Sun, 17 Dec 2023