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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: 9236058 pip (398%)
Closed trade(s): 4920810 pip Profit (212%)
Open trade(s): 4315248 pip Profit (186%)

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

Closed Profit:
TP1 @ 25.67175 touched at 2020.11.22 with 240737 pip Profit (10%).
TP2 @ 28.05510 touched at 2020.11.23 with 479072 pip Profit (21%).
TP3 @ 33.45315 touched at 2020.11.24 with 1018877 pip Profit (44%).
TP4 @ 37.45000 touched at 2020.11.24 with 1418562 pip Profit (61%).
TP5 @ 40.90000 touched at 2020.11.24 with 1763562 pip Profit (76%).
240737 (10%) + 479072 (21%) + 1018877 (44%) + 1418562 (61%) + 1763562 (76%) = 4920810 pip (212%)

Open Profit:
Profit for one trade is 30.45646(current price) - 23.26438(open price) = 719208 pip (31%)
6 trade(s) still open, therefore total profit for open trade(s) is 719208 (31%) x 6 = 4315248 pip (186%)
#XRPBIT
Total Profit: 1716455 pip (54%)
Closed trade(s): 1716455 pip Profit (54%)
Open trade(s): 0 pip Profit (0%)

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

Closed Profit:
TP1 @ 33.75000 touched at 2020.11.24 with 210485 pip Profit (7%).
TP2 @ 37.45000 touched at 2020.11.24 with 580485 pip Profit (18%).
TP3 @ 40.90000 touched at 2020.11.24 with 925485 pip Profit (29%).
210485 (7%) + 580485 (18%) + 925485 (29%) = 1716455 pip (54%)

6 other break-even trades closed at entry price, therefore no profit no loss.

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.
  • If the Midterm level 28.05510 is broken, we will close open trades.
DateDecember 8, 2020 - 21:28
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 28.05510 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 28.05510 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 42.36500 on 11/24/2020, so more losses minimum to Major Support (28.05510) 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 57.

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.