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You should watch for any movement outside the 0.52532-0.57410 range.
You also need to check if you can get off the downtrend line.
If you don't get out of the downtrend line, you'll end up falling.
As it breaks off the downtrend line around December 30th, it remains to be seen if it could be above the 0.57410 point.
If it falls at 0.52532, it is a short-term Stop Loss.
Looking at the big picture, I think it is a section that goes sideways in the 0.42873-0.57410 section.
In this section, if the volume profile section is formed and then rises and is supported, it is expected that it will not fall below the 0.42873-0.57410 section.
However, as an individual trader, I think it is important to manage your investment in order to wait indefinitely for this big picture.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You should watch for any movement outside the 0.52532-0.57410 range.
You also need to check if you can get off the downtrend line.
If you don't get out of the downtrend line, you'll end up falling.
As it breaks off the downtrend line around December 30th, it remains to be seen if it could be above the 0.57410 point.
If it falls at 0.52532, it is a short-term Stop Loss.
Looking at the big picture, I think it is a section that goes sideways in the 0.42873-0.57410 section.
In this section, if the volume profile section is formed and then rises and is supported, it is expected that it will not fall below the 0.42873-0.57410 section.
However, as an individual trader, I think it is important to manage your investment in order to wait indefinitely for this big picture.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Comment:
(XRPUSD 1D chart)
It is rising after touching the 0.32745-0.34208 section and the uptrend line (1).
We have to see if we can get support by climbing above the 0.39165 point (the M-Signal line on the 1W chart).
This is important because if the price can be maintained above the M-Signal line on the 1W chart, it is shown to be maintaining an upward trend.
The next volatility period is around December 26th, and we need to watch for any movement outside the uptrend line (1)-(2).
Accordingly, we must watch for any movement that deviates from the 0.32745-0.42873 range.
The first question whether it will end in a rebound or lead to an uptrend is if you can keep the price above the M-Signal line on the 1W chart.
We have to see if we can get support by climbing above the 0.39165 point (the M-Signal line on the 1W chart).
This is important because if the price can be maintained above the M-Signal line on the 1W chart, it is shown to be maintaining an upward trend.
The next volatility period is around December 26th, and we need to watch for any movement outside the uptrend line (1)-(2).
Accordingly, we must watch for any movement that deviates from the 0.32745-0.42873 range.
The first question whether it will end in a rebound or lead to an uptrend is if you can keep the price above the M-Signal line on the 1W chart.
Comment:
(XRPUSD 1D chart)
We have to see if we can rise above the 0.39165 point and get support.
If the closing price is not generated above the 0.39165 point, it will eventually fall.
If the closing price is not generated above the 0.39165 point, it will eventually fall.
Comment:
(XRPUSD 1h chart)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
Touch the uptrend line or the 0.42873 point and see if you can go up.
If it falls from the 0.42873 point, a Stop Loss is required to preserve profit and loss.
If you go sideways in the 0.42873-0.57410 section, I think it is a movement to create a new wave.
Depending on the strength of the wave, I think it may go sideways in the range of 0.30296-0.71097.
However, if it falls at 0.42873, it is expected that it will take some time to rise again, so a stop loss is needed to buy again at a lower price.
(1W chart)