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Weekly forecast Ripple technical chart
Symbol XRPUSD
Trade Setup

#XRPUSD
Total Profit: 2057 point (54%)
Closed trade(s): 221 point Profit
Open trade(s): 1836 point Profit

Trade Setup:
We opened 13 BUY trades @ 0.3594 based on 'Valley' entry method at 2022-07-27.

Closed Profit:
TP1 @ 0.3815 touched at 2022-07-30 with 221 point Profit. (6%)

Open Profit:
Profit for one BUY trade is 0.3747(current price) - 0.3594(open price) = 153 point (4%)
12 trade(s) still open, therefore total profit for open trade(s) is 153 (4%) x 12 = 1836 point (48%)

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.
DateAugust 10, 2022 - 12:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2870, beginning of uptrend is expected.
  • We make sure when the resistance at 0.5500 breaks.
  • If the support at 0.2870 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.4100 on 07/30/2022, so more losses to support(s) 0.3250 and minimum to Major Support (0.2870) 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 55.

Take Profits:

  1. 0.3815
  2. 0.4500
  3. 0.5074
  4. 0.5500
  5. 0.6570
  6. 0.8000
  7. 1.0165
  8. 1.2300
  9. 1.3500
  10. 1.7000
  11. 1.9677
  12. 3.3000
Click on the level to view price action history.
Symbol Released Current Forecast
Ripple (XRPUSD) 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.