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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup

#XRPBIT
Total Profit: 11434882 pip (1452%)
Closed trade(s): 2366872 pip Profit (300%)
Open trade(s): 9068010 pip Profit (1152%)

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

Closed Profit:
TP1 @ 12.80590 touched at 2021.04.05 with 491459 pip Profit (62%).
TP2 @ 15.51770 touched at 2021.04.06 with 762639 pip Profit (97%).
TP3 @ 19.01905 touched at 2021.04.07 with 1112774 pip Profit (141%).
491459 (62%) + 762639 (97%) + 1112774 (141%) = 2366872 pip (300%)

Open Profit:
Profit for one trade is 23.00466(current price) - 7.89131(open price) = 1511335 pip (192%)
6 trade(s) still open, therefore total profit for open trade(s) is 1511335 (192%) x 6 = 9068010 pip (1152%)

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 10, 2021 - 23:24
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

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 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 87.

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, 2 May 2021
Ripple / BIT (XRPBIT) Mon, 26 Apr 2021
Ripple / BIT (XRPBIT) Sun, 18 Apr 2021
Ripple / BIT (XRPBIT) free Sat, 10 Apr 2021
Ripple / BIT (XRPBIT) free Sun, 4 Apr 2021