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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: 4920810 pip (212%)
Closed trade(s): 4920810 pip Profit (212%)
Open trade(s): 0 pip Profit (0%)

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%)

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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (21.83440 to 19.01905). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (21.83440)
    • Support on 05/25/2020
    • Support on 05/26/2020
    • Resistance on 07/09/2020
    • Resistance on 07/10/2020
    • Resistance on 07/11/2020
    • Resistance on 07/12/2020
    • Resistance on 07/13/2020
    • Resistance on 07/20/2020
    • Resistance on 07/23/2020
    • Resistance on 07/27/2020
    • Resistance on 07/29/2020
    • Support on 09/16/2020
    • Support on 09/23/2020
    • Support on 10/02/2020
    • Support on 10/04/2020
    • Resistance on 10/15/2020
    • Support on 11/22/2020
  • Ending of entry zone (19.01905)
    • Support on 06/27/2020
    • Support on 06/30/2020
    • Support on 07/01/2020
    • Support on 07/02/2020
    • Support on 10/26/2020
DateDecember 21, 2020 - 20:55
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 15.51770, continuation of uptrend is expected.
  • We make sure when the resistance at 28.05510 breaks.
  • If the support at 15.51770 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 42.36500 on 11/24/2020, so more losses to support(s) 21.83440, 19.01905, 17.73520 and minimum to Major Support (15.51770) 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 37.

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.