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Weekly forecast Ripple technical chart
Symbol XRPUSD

Download MT4 template file

Trade Setup
#XRPUSD
Total Profit: 92007 pip
Closed trade(s): 16260 pip Profit
Open trade(s): 75747 pip Profit

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.
TP2 @ 0.23000 touched at 2020.07.28 with 4380 pip Profit.
TP3 @ 0.28625 touched at 2020.08.01 with 10005 pip Profit.
1875 + 4380 + 10005 = 16260 pip

Open Profit:
Profit for one trade is 0.29441(current price) - 0.18620(open price) = 10821 pip
7 trade(s) still open, therefore total profit for open trade(s) is 10821 x 7 = 75747 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.
  • If the Midterm level 0.2050 is broken, we will close open trades.

DateAugust 10, 2020 - 14:10
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.2050 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 0.2050 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.32460 on 08/02/2020, so more losses to support(s) 0.28625, 0.23000 and minimum to Major Support (0.20495) 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 69.

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) free Fri, 22 Mar 2024
Ripple (XRPUSD) free Sun, 10 Mar 2024
Ripple (XRPUSD) Mon, 4 Mar 2024
Ripple (XRPUSD) Sun, 11 Feb 2024
Ripple (XRPUSD) Sun, 4 Feb 2024