Ripple (XRP) - November 26
Updated
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We have to see if we can get support and climb in the 0.57410-0.61509 range.
If it falls at 0.57410, it is a short-term Stop Loss.
If you are supported in the 0.57410-0.61509 section, you can enter the section.
We need to see if we can break upward through the volume profile section of 0.71097-0.88410.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can get support and climb in the 0.57410-0.61509 range.
If it falls at 0.57410, it is a short-term Stop Loss.
If you are supported in the 0.57410-0.61509 section, you can enter the section.
We need to see if we can break upward through the volume profile section of 0.71097-0.88410.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Note
(Bitfinex XRPUSD 1W Chart)I think the 0.42873-0.57410 section is the section where you need to sideways to create a new wave.
It remains to be seen if it will not deviate from the 0.42873-0.57410 section and will create a sideways wave.
The next important section is 0.71097-0.88410, and I think a lot of shaking is needed to break through this section.
So, I think that sideways at 0.42873-0.57410 is a movement that tracks the force to break through the 0.71097-0.88410 section.
If you are supported in the 0.57410-0.61509 section and break above 0.61509, you can enter.
However, since it is a high price point and is located below an important section, we recommend entering only those who can trade in the short term.
In order for a new wave to occur, the 0.30296 point should no longer be touched.
Other content (coins, stocks, etc.) is frequently posted on X.
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