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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup

#XRPBIT
Total Profit: 12267678 pip (1555%)
Closed trade(s): 8503824 pip Profit (1078%)
Open trade(s): 3763854 pip Profit (477%)

Trade Setup:
We opened 9 BUY trade(s) @ 7.89131 based on 'Valley' entry method at 2021.03.15.

Closed Profit:
TP1 @ 12.80590 touched at 2021.04.05 with 491459 pip Profit (62%).
TP2 @ 15.51770 touched at 2021.04.06 with 762639 pip Profit (97%).
TP3 @ 19.01905 touched at 2021.04.07 with 1112774 pip Profit (141%).
TP4 @ 23.53520 touched at 2021.04.11 with 1564389 pip Profit (198%).
TP5 @ 28.05510 touched at 2021.04.13 with 2016379 pip Profit (256%).
TP6 @ 33.45315 touched at 2021.05.17 with 2556184 pip Profit (324%).
491459 (62%) + 762639 (97%) + 1112774 (141%) + 1564389 (198%) + 2016379 (256%) + 2556184 (324%) = 8503824 pip (1078%)

Open Profit:
Profit for one trade is 20.43749(current price) - 7.89131(open price) = 1254618 pip (159%)
3 trade(s) still open, therefore total profit for open trade(s) is 1254618 (159%) x 3 = 3763854 pip (477%)

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 19.01905 is broken, we will close open trades.

DateJune 21, 2021 - 19:06
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 19.01905, resumption of uptrend is expected.
  • We make sure when the resistance at 37.94800 breaks.
  • If the support at 19.01905 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 19.01905 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 29.08800 on 06/01/2021, so more losses minimum to Major Support (19.01905) 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 32.

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