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Weekly forecast Santiment / BIT technical chart
Symbol SANBIT

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Trade Setup
#SANBIT
Total Profit: 835076 pip (253%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 835076 pip Profit (253%)

Trade Setup:
We opened 11 BUY trade(s) @ 3.24642 based on 'Valley' entry method at 2021.03.19.

Open Profit:
Profit for one trade is 4.00558(current price) - 3.24642(open price) = 75916 pip (23%)
11 trade(s) still open, therefore total profit for open trade(s) is 75916 (23%) x 11 = 835076 pip (253%)

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 - 10:12
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.85290, beginning of uptrend is expected.
  • We make sure when the resistance at 6.53750 breaks.
  • If the support at 1.85290 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 41 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 2.62700 on 03/17/2021, so more gains to resistance(s) 4.68295 and maximum to Major Resistance (6.53750) 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 59.

Take Profits:

  1. 4.68295
  2. 6.53750
  3. 9.20230
  4. 12.10000
  5. 17.39000
  6. 18.93500
  7. 22.68000
  8. 31.45000
  9. 50.81185
  10. 124.91210
Click on the level to view price action history.

Symbol Released Current Forecast
Santiment / BIT (SANBIT) Tue, 4 May 2021
Santiment / BIT (SANBIT) free Sat, 17 Apr 2021
Santiment / BIT (SANBIT) Sun, 11 Apr 2021
Santiment / BIT (SANBIT) Sun, 4 Apr 2021
Santiment / BIT (SANBIT) Sun, 28 Mar 2021