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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: -6790531 pip (-297%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -6790531 pip Profit (-297%)

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 17.09117(current price) - 23.26438(open price) = -617321 pip (-27%)
11 trade(s) still open, therefore total profit for open trade(s) is -617321 (-27%) x 11 = -6790531 pip (-297%)
#XRPBIT
Total Profit: -13116555 pip (-414%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -13116555 pip Profit (-414%)

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 17.07120(current price) - 31.64515(open price) = -1457395 pip (-46%)
9 trade(s) still open, therefore total profit for open trade(s) is -1457395 (-46%) x 9 = -13116555 pip (-414%)

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 17, 2020 - 17:20
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 14.07090, beginning 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 -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 15.55000 on 11/13/2020, 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 43.

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
History
Daily-Trading-Opportunities on XRPBIT.