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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup

#XRPBIT
Total Profit: 13922856 pip (1766%)
Closed trade(s): 5947640 pip Profit (754%)
Open trade(s): 7975216 pip Profit (1012%)

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%).
TP4 @ 23.53520 touched at 2021.04.11 with 1564389 pip Profit (198%).
TP5 @ 28.05510 touched at 2021.04.13 with 2016379 pip Profit (256%).
491459 (62%) + 762639 (97%) + 1112774 (141%) + 1564389 (198%) + 2016379 (256%) = 5947640 pip (754%)

Open Profit:
Profit for one trade is 27.82935(current price) - 7.89131(open price) = 1993804 pip (253%)
4 trade(s) still open, therefore total profit for open trade(s) is 1993804 (253%) x 4 = 7975216 pip (1012%)

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 19.01905 is broken, we will close open trades.

DateMay 2, 2021 - 19:53
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 19.01905 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 19.01905 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 17.99000 on 04/23/2021, so more gains to resistance(s) 28.05510, 30.50100, 33.45315 and more heights 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 68.

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) new Mon, 21 Jun 2021
Ripple / BIT (XRPBIT) Sun, 13 Jun 2021
Ripple / BIT (XRPBIT) Sun, 6 Jun 2021
Ripple / BIT (XRPBIT) Sun, 30 May 2021
Ripple / BIT (XRPBIT) Tue, 25 May 2021