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(XRPUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.68279 point: Expected to create a new wave.
(1D chart)
First resistance section: 1.07222-1.18894
Second resistance section: near 1.53490
First support section: near 0.83878
Second support section: 0.48862-0.60534
I think the first resistance section is an important section to determine the trend.
Therefore, it is expected that the direction of departure from the first resistance section will determine the trend.
If it falls from the 1.03687 point, a short-term Stop Loss is required.
However, since you can touch the volume profile section formed in the 0.71097-0.88410 section and rise, you need to think about how to respond.
If it rises to the 1.40290-1.53490 range, a whipsaw is expected, so careful trading is required.
If this whipsaw occurs above the downtrend line, it is expected to move along the uptrend line.
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(XRPBTC 1W Chart) - Mid-Long-Term Perspective
Above the 2365 Satoshi point: It is expected to change to an uptrend and rise.
4264 Satoshi point or higher: Expected to create a new wave.
Therefore, it is important to maintain the price by rising above the 2365 satoshi point.
(1D chart)
Resistance section: near the 2220 Satoshi point
Support section: 1476 Satoshi-1724 Satoshi section
If the price is maintained in the 1724 satoshi-2220 satoshi range, it is expected to turn into an upward trend.
It should rise above the 3329 Satoshi point to accelerate the uptrend.
If it falls from the 1285 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
------------------------------------------
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 uptrend or in a downtrend, 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.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 yet been released.
(Because it is not public, 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.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XRPUSD 1W Chart) - Mid-Long-Term Perspective
(1D chart)
First resistance section: 1.07222-1.18894
Second resistance section: near 1.53490
First support section: near 0.83878
Second support section: 0.48862-0.60534
I think the first resistance section is an important section to determine the trend.
Therefore, it is expected that the direction of departure from the first resistance section will determine the trend.
If it falls from the 1.03687 point, a short-term Stop Loss is required.
However, since you can touch the volume profile section formed in the 0.71097-0.88410 section and rise, you need to think about how to respond.
If it rises to the 1.40290-1.53490 range, a whipsaw is expected, so careful trading is required.
If this whipsaw occurs above the downtrend line, it is expected to move along the uptrend line.
-----------------------------------------------------
(XRPBTC 1W Chart) - Mid-Long-Term Perspective
4264 Satoshi point or higher: Expected to create a new wave.
Therefore, it is important to maintain the price by rising above the 2365 satoshi point.
(1D chart)
Support section: 1476 Satoshi-1724 Satoshi section
If the price is maintained in the 1724 satoshi-2220 satoshi range, it is expected to turn into an upward trend.
It should rise above the 3329 Satoshi point to accelerate the uptrend.
If it falls from the 1285 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
------------------------------------------
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 uptrend or in a downtrend, 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.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 yet been released.
(Because it is not public, 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.)
[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/
