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Weekly forecast Ripple technical chart
Symbol XRPUSD

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Trade Setup
#XRPUSD
Total Profit: 18855 pip
Closed trade(s): 2944 pip Profit
Open trade(s): 15911 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.25681 based on 'Valley' entry method at 2020.02.02.

Closed Profit:
TP1 @ 0.28625 touched at 2020.02.06 with 2944 pip Profit.

Open Profit:
Profit for one trade is 0.27954(current price) - 0.25681(open price) = 2273 pip
7 trade(s) still open, therefore total profit for open trade(s) is 2273 x 7 = 15911 pip

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.
DateFebruary 9, 2020 - 18:56
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0004, beginning of uptrend is expected.
  • We make sure when the resistance at 0.3269 breaks.
  • If the support at 0.0004 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 71.

Take Profits:

  1. 0.28625
  2. 0.32685
  3. 0.38150
  4. 0.50900
  5. 0.91345
  6. 1.36840
  7. 3.29950
Click on the level to view price action history.
Symbol Released Current Forecast
Ripple (XRPUSD) new Tue, 16 Apr 2024
Ripple (XRPUSD) Sat, 6 Apr 2024
Ripple (XRPUSD) free Fri, 22 Mar 2024
Ripple (XRPUSD) free Sun, 10 Mar 2024
Ripple (XRPUSD) Mon, 4 Mar 2024
History
Daily-Trading-Opportunities on XRPUSD.