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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (8.86150 to 6.17320). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (8.86150)
    • Resistance on 01/07/2021
    • Resistance on 01/08/2021
    • Resistance on 01/10/2021
    • Resistance on 01/11/2021
    • Resistance on 01/12/2021
    • Resistance on 01/13/2021
    • Resistance on 01/19/2021
    • Resistance on 01/20/2021
    • Resistance on 01/21/2021
    • Resistance on 01/22/2021
    • Resistance on 01/29/2021
  • Ending of entry zone (6.17320)
    • Support on 12/29/2020
    • Trough on 01/03/2021
    • Support on 01/03/2021

DateFebruary 21, 2021 - 20:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.17320, beginning of uptrend is expected.
  • We make sure when the resistance at 23.53520 breaks.
  • If the support at 6.17320 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 22.00000 on 02/01/2021, so more losses to support(s) 8.86150 and minimum to Major Support (6.17320) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

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) 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