A Long-term Buy opportunity for #XMRBTC, let's hunt it together!
Updated
Technical analysis:
MONERO/BITCOIN is in a range bound and resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 42.
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would resume.
*There is possibility of temporary retracement to suggested support zone (0.0242 to 0.0224), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0242)
Ending of entry zone (0.0224)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0270
TP2= @ 0.0278
TP3= @ 0.0304
TP4= @ 0.0320
TP5= @ 0.0356
TP6= Free
MONERO/BITCOIN is in a range bound and resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 42.
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would resume.
*There is possibility of temporary retracement to suggested support zone (0.0242 to 0.0224), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0242)
Ending of entry zone (0.0224)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0270
TP2= @ 0.0278
TP3= @ 0.0304
TP4= @ 0.0320
TP5= @ 0.0356
TP6= Free
Trade active
XMRBTC , TP3 hit with 2961600 profit. NEW Buy Opportunity...
Trade closed: stop reached
The break-even stop hit Total Profit: 1008300 pip
Closed trade(s): 1008300 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 0.02503900(day close price) based on 2-day reversal candle (2-day Hammer ) at 03.28.2018 .
Closed Profit:
TP1 @ 0.0270 touched at 04.18.2018 with 196100 Profit.
TP2 @ 0.0278 touched at 04.18.2018 with 276100 Profit.
TP3 @ 0.0304 touched at 04.20.2018 with 536100 Profit.
196100 + 276100 + 536100 = 1008300
All 10 trades closed at entry price, therefore no profit no loss.
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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