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Weekly forecast Ripple technical chart
Symbol XRPUSD

Download MT4 template file

Trade Setup
#XRPUSD
Total Profit: 97222 pip (522%)
Closed trade(s): 16260 pip Profit (88%)
Open trade(s): 80962 pip Profit (434%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.18620 based on 'Valley' entry method at 2020.07.06.

Closed Profit:
TP1 @ 0.20495 touched at 2020.07.09 with 1875 pip Profit (10%).
TP2 @ 0.23000 touched at 2020.07.28 with 4380 pip Profit (24%).
TP3 @ 0.28625 touched at 2020.08.01 with 10005 pip Profit (54%).
1875 (10%) + 4380 (24%) + 10005 (54%) = 16260 pip (88%)

Open Profit:
Profit for one trade is 0.30186(current price) - 0.18620(open price) = 11566 pip (62%)
7 trade(s) still open, therefore total profit for open trade(s) is 11566 (62%) x 7 = 80962 pip (434%)

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 0.2196 is broken, we will close open trades.
DateNovember 17, 2020 - 22:47
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.2196 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 0.2196 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.22800 on 11/03/2020, so more gains to resistance(s) 0.34600, 0.38150, 0.50900 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 79.

Take Profits:

  1. 0.20495
  2. 0.23000
  3. 0.28625
  4. 0.34600
  5. 0.38150
  6. 0.50900
  7. 0.91345
  8. 1.36840
  9. 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.