ForecastCity_ME

XRPBTC Update: Profit=2390 SL= 420 Reward/Risk > 5.7:1

Long
POLONIEX:XRPBTC   XRP / Bitcoin
Trade Setup summary:

Profit targets=2390 pip (290 + 850 + 1250)
Stop Loss =420 pip
Reward/Risk > 5.7: 1

Current Status:

Total Profit: 1904 pip
Closed trade(s): 1188 pip Profit
Open trade(s): 716 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.00002178 based on 'previous Forecast' at 2020.07.18 :

Closed Profit:
TP1 @ 0.00002250 touched at 2020.07.26 with 72 pip Profit.
TP2 @ 0.00002360 touched at 2020.08. 01 with 182 pip Profit.
TP3 @ 0.00002500 touched at 2020.08.02 with 322 pip Profit.
TP4 @ 0.00002790 touched at 2020.08.03 with 612 pip Profit.
72 + 182 + 322 + 612 = 1188

Open Profit:
Profit for one trade is 0.00002536(current price) - 0.00002178(open price) = 358 pip
2 trade(s) still open, therefore total profit for open trade(s) is 358 x 2 = 716 pip

Technical analysis:
. XRPBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.00002500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP4= @ 0.00002790
TP5= @ 0.00003350
TP6= @ 0.00003750

SL= Break below TP2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
HighAccurate forecast for
🌟36 Forex Pairs: 916.000 pips track record profit
🌟34 Cryptos
🌟Gold, Silver, Oils, Gas
🌟Best Profitable Trading Strategies

in 9 languages

since 2007

http://www.ForecastCity.com
🌟FREE Telegram http://t.me/forecastcity_com

Comments

Excellent analysis. Keep it up 👌
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, Thank you for sharing your feedback. 🍀
Reply
very cool view, thanks for sharing
+1 Reply
@Sir_Ray, We're happy to help! 💙
Reply
Clean lines! 💎 👍
+1 Reply
@Kamryn, Thank you! We appreciate your comment.🙏
Reply
Very helpful.Thanks.
+1 Reply
@Kristalyn, We're happy to help! 💙
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out