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Weekly forecast Monero technical chart
Symbol XMRUSD
Trade Setup

#XMRUSDT
Total Profit: 5210 pip (272%)
Closed trade(s): 3466 pip Profit (180%)
Open trade(s): 1744 pip Profit (92%)

Trade Setup:
We opened 8 BUY trade(s) @ 193.4 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 230.1 touched at 2021.07.26 with 367 pip Profit (19%).
TP2 @ 252.6 touched at 2021.08.05 with 592 pip Profit (31%).
TP3 @ 298.9 touched at 2021.08.22 with 1055 pip Profit (55%).
TP4 @ 338.6 touched at 2021.08.24 with 1452 pip Profit (75%).
367 (19%) + 592 (31%) + 1055 (55%) + 1452 (75%) = 3466 pip (180%)

Open Profit:
Profit for one trade is 237.0(current price) - 193.4(open price) = 436 pip (23%)
4 trade(s) still open, therefore total profit for open trade(s) is 436 (23%) x 4 = 1744 pip (92%)

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.

DateNovember 24, 2021 - 15:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 185.1, beginning of uptrend is expected.
  • We make sure when the resistance at 252.6 breaks.
  • If the support at 185.1 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 294.00 on 11/09/2021, so more losses to support(s) 230.10, 198.80 and minimum to Major Support (185.10) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Take Profits:

  1. 230.10
  2. 252.60
  3. 298.90
  4. 338.60
  5. 376.30
  6. 424.40
  7. 517.75
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