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(XRPUSDT 1W Chart)
Whether or not it can move higher than 0.4989 is crucial.
(1D chart)
We need to see if we can quickly rise above 0.3283.
If resistance is found at 0.3283, I would expect a move towards the 0.2727-0.2829 range.
With this increase, it is showing a downward trend after an increase of about 42%.
From the high of the uptrend, it is down about -19% to the 0.3283 point, the point where support is needed to sustain the uptrend.
Therefore, if it finds support and rises near 0.3283, it is expected to move up to around 0.4989.
(XRP.D 1W chart)
However, it is only when XRP dominance breaks out of a downward trend that it will show a full-fledged uptrend.
As the Bollinger Bands contract in this way, it can be seen that they are being excluded from the market.
If you want to invest in XRP, I think it's time to buy slowly when you see this.
However, if you are investing in the short term, it is better to buy when the Bollinger Bands start to spread.
Otherwise, you may stagnate your funds and miss out on a better opportunity.
------------------------------------------------------------ -----------------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, 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 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)
(1D chart)
We need to see if we can quickly rise above 0.3283.
If resistance is found at 0.3283, I would expect a move towards the 0.2727-0.2829 range.
With this increase, it is showing a downward trend after an increase of about 42%.
From the high of the uptrend, it is down about -19% to the 0.3283 point, the point where support is needed to sustain the uptrend.
Therefore, if it finds support and rises near 0.3283, it is expected to move up to around 0.4989.
(XRP.D 1W chart)
As the Bollinger Bands contract in this way, it can be seen that they are being excluded from the market.
If you want to invest in XRP, I think it's time to buy slowly when you see this.
However, if you are investing in the short term, it is better to buy when the Bollinger Bands start to spread.
Otherwise, you may stagnate your funds and miss out on a better opportunity.
------------------------------------------------------------ -----------------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, 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 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/
