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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: -6515828 pip
Closed trade(s): 0 pip Profit
Open trade(s): -6515828 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 23.26438 based on 'Valley' entry method at 2020.10.05.

Open Profit:
Profit for one trade is 17.34090(current price) - 23.26438(open price) = -592348 pip
11 trade(s) still open, therefore total profit for open trade(s) is -592348 x 11 = -6515828 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.

DateNovember 1, 2020 - 20:48
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 14.07090, resumption of uptrend is expected.
  • We make sure when the resistance at 21.44710 breaks.
  • If the support at 14.07090 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 21.54612 on 10/19/2020, so more gains to resistance(s) 17.73520, 19.01905 and maximum to Major Resistance (21.44710) 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 17.

Take Profits:

  1. 25.67175
  2. 28.05510
  3. 33.45315
  4. 37.45000
  5. 40.90000
  6. 47.69000
  7. 57.90000
  8. 71.90000
  9. 101.95000
  10. 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