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(XRPUSDT 1W Chart)
The key is whether it can be supported by rising to the 0.4989-0.62 section.
If you get resistance at 0.47, a pull back pattern may come out, so you need to check if it is supported around 0.4084.
(1D chart)
1st resistance: 0.4989-0.5468
2nd resistance: 0.5468-0.62
1st support: 0.47
2nd support: 0.4084
The 0.4989-0.62 interval is the interval that determines the trend.
Therefore, if it rises above 0.4989 and is not supported, and when it falls below 0.47 and receives resistance, Stop Loss is required to preserve profits.
However, if it does not fall below the mid- to long-term downtrend line (1), it is expected to maintain an upward trend, so countermeasures should be considered.
If it rises above 0.62, it is expected to show a full-fledged uptrend.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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 good day.
-------------------------------------
(XRPUSDT 1W Chart)
If you get resistance at 0.47, a pull back pattern may come out, so you need to check if it is supported around 0.4084.
(1D chart)
1st resistance: 0.4989-0.5468
2nd resistance: 0.5468-0.62
1st support: 0.47
2nd support: 0.4084
The 0.4989-0.62 interval is the interval that determines the trend.
Therefore, if it rises above 0.4989 and is not supported, and when it falls below 0.47 and receives resistance, Stop Loss is required to preserve profits.
However, if it does not fall below the mid- to long-term downtrend line (1), it is expected to maintain an upward trend, so countermeasures should be considered.
If it rises above 0.62, it is expected to show a full-fledged uptrend.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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/
So, we need to see if it is supported by rising to the 0.1240-0.1597 section.
If it fails to find support above 0.1240 and finds resistance at 0.1203, it could lead to further declines, so you need to think about what to do.