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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: -4935564 pip
Closed trade(s): 0 pip Profit
Open trade(s): -4935564 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 26.16119(current price) - 31.64515(open price) = -548396 pip
9 trade(s) still open, therefore total profit for open trade(s) is -548396 x 9 = -4935564 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.
DateAugust 2, 2020 - 21:59
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 19.01905 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • While the RSI support #2 at 46 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 18.95000 on 06/27/2020, so more gains to resistance(s) 29.65000, 33.75000, 37.45000 and more heights 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 79.

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
History
Daily-Trading-Opportunities on XRPBIT.