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XRP (XRP) - November 4

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(1W chart) - mid- to long-term perspective
Above the 0.51383 point: expect the uptrend to continue

0.71097-0.88410 or more: Expected to create a new wave.


(1D chart)
First resistance section: 1.07222-1.18894
Second resistance section: near 1.53490 point

First support section: near 0.83878
Second support section: 0.48862-0.60534


If the price holds above the 1.18894 point, it is expected that the uptrend will continue.

However, the uptrend is expected to accelerate only when the two mid- to long-term downtrend lines are deviated.

Therefore, the uptrend is expected to accelerate when it rises above the 1.53490 point.


The first resistance section is an important section, and if it declines in this section, it can fall below the 0.88410 point, so a short-term stop loss is required.

However, careful trading is required as it can rise with support in the volume profile section formed in the 0.71097-0.88410 section.

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We recommend that you trade with your average unit price.
This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Comment:
(XLMUSD 1W Chart) - Medium to Long-Term Perspective
Above 0.16420803 point: expected to continue uptrend


(1D chart)
0.277220347-0.42952236 section: This is a wide box section and is expected to form an important support and resistance section in the future.

Therefore, it is expected that the price will re-form in the future depending on whether there are positive factors that can rise above this range.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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