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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup

#XRPBIT
Total Profit: 2148633 pip (270%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 2148633 pip Profit (270%)

Trade Setup:
We opened 9 BUY trade(s) @ 7.89131 based on 'Valley' entry method at 2021.03.15.

Open Profit:
Profit for one trade is 10.27868(current price) - 7.89131(open price) = 238737 pip (30%)
9 trade(s) still open, therefore total profit for open trade(s) is 238737 (30%) x 9 = 2148633 pip (270%)

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.

DateApril 4, 2021 - 11:28
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.17320, beginning of uptrend is expected.
  • We make sure when the resistance at 23.53520 breaks.
  • If the support at 6.17320 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 7.45200 on 03/13/2021, so more gains to resistance(s) 12.80590, 15.51770, 19.01905 and maximum to Major Resistance (23.53520) 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 61.

Take Profits:

  1. 12.80590
  2. 15.51770
  3. 19.01905
  4. 23.53520
  5. 28.05510
  6. 33.45315
  7. 40.90000
  8. 58.75115
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