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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup

#XRPBIT
Total Profit: 926976 pip (50%)
Closed trade(s): 136844 pip Profit (8%)
Open trade(s): 790132 pip Profit (42%)

Trade Setup:
We opened 8 BUY trade(s) @ 17.65056 based on 'Valley' entry method at 2021.07.28.

Closed Profit:
TP1 @ 19.01900 touched at 2021.07.30 with 136844 pip Profit (8%).

Open Profit:
Profit for one trade is 18.77932(current price) - 17.65056(open price) = 112876 pip (6%)
7 trade(s) still open, therefore total profit for open trade(s) is 112876 (6%) x 7 = 790132 pip (42%)

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.

DateJuly 30, 2021 - 19:32
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 15.51750, beginning of uptrend is expected.
  • We make sure when the resistance at 21.83440 breaks.
  • If the support at 15.51750 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 16.362 on 2021-06-23 and the trough at 15.95245 on 2021-07-28, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 15.89250 on 07/26/2021, so more gains to resistance(s) 19.01900 and maximum to Major Resistance (21.83440) 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 53.

Take Profits:

  1. 19.01900
  2. 21.83440
  3. 23.53500
  4. 28.05500
  5. 33.45300
  6. 40.90000
  7. 58.75100
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