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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: -8783334 pip
Closed trade(s): 0 pip Profit
Open trade(s): -8783334 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 21.88589(current price) - 31.64515(open price) = -975926 pip
9 trade(s) still open, therefore total profit for open trade(s) is -975926 x 9 = -8783334 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 31, 2020 - 14:09
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 23.56330 breaks.
  • If the support at 11.99510 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 20.63587 on 05/28/2020, so more gains to resistance(s) 23.53520 and maximum to Major Resistance (23.56330) 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 47.

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