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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: -6203169 pip
Closed trade(s): 0 pip Profit
Open trade(s): -6203169 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 31.64515 based on 'Valley' entry method at 2020.02.13.

Open Profit:
Profit for one trade is 24.75274(current price) - 31.64515(open price) = -689241 pip
9 trade(s) still open, therefore total profit for open trade(s) is -689241 x 9 = -6203169 pip

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.

DateMay 3, 2020 - 14:42
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 11.99510, beginning of uptrend is expected.
  • We make sure when the resistance at 37.45000 breaks.
  • If the support at 11.99510 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 28.08530 on 04/28/2020, so more losses to support(s) 23.53520 and minimum to Major Support (11.99510) 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 41.

Take Profits:

  1. 33.75000
  2. 37.45000
  3. 40.90000
  4. 47.69000
  5. 57.90000
  6. 71.90000
  7. 101.95000
  8. 228.75935
Click on the level to view price action history.

Symbol Released Current Forecast
Ripple / BIT (XRPBIT) Sun, 20 Mar 2022
Ripple / BIT (XRPBIT) Tue, 15 Mar 2022
Ripple / BIT (XRPBIT) Mon, 7 Mar 2022
Ripple / BIT (XRPBIT) Sun, 27 Feb 2022
Ripple / BIT (XRPBIT) Sun, 20 Feb 2022