The key is whether it can be supported and rise near 0.6013

25 Agu

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(XRPUSDT 1D chart)

XRP is moving sideways, but I think it is rising along a long-term rising channel.

Accordingly, the key is whether it can be supported near 0.6013 and rise above the long-term rising trend line -1.

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If it falls below 0.6013, it is important whether it can be supported and rise near the M-Signal indicator on the 1D chart.

If not, you should check whether it is supported near 0.5682.

If that happens, when the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, I think it is highly likely that a full-scale uptrend will begin as it breaks through the long-term rising channel upward.

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If it fails to rise and falls below the M-Signal indicators of the 1W and 1M charts, it is expected to fall near the HA-Low indicator (currently 0.5083) of the 1D chart.

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If it rises above the long-term rising trend line-1,

1st: 0.5 (0.7144)
2nd: 0.618 (0.8121)
The 1st and 2nd areas above correspond to the support and resistance areas.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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