Ripple (XRP) - December 2
Updated
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We need to see if we can get support in the 0.61509-0.63009 range.
If you are supported at 0.61509, you can enter.
Once entered, if it falls below 0.57410, it is Stop Loss.
From the CCI-RC indicator, the CCI line is expected to cross the EMA line sooner or later.
At this time, it is necessary to watch if there is any movement outside the 0.57410-0.71097 range due to the volatility that occurs.
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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 should 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 need to see if we can get support in the 0.61509-0.63009 range.
If you are supported at 0.61509, you can enter.
Once entered, if it falls below 0.57410, it is Stop Loss.
From the CCI-RC indicator, the CCI line is expected to cross the EMA line sooner or later.
At this time, it is necessary to watch if there is any movement outside the 0.57410-0.71097 range due to the volatility that occurs.
-------------------------------------------------- -------------------------------------------
** 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 should trade from a short-term investment perspective.)
Note
(XRPUSD 1D chart)You should watch for movements that deviate from the 0.57410-0.71097 range between December 3rd and 11th.
If it falls at 0.57410, it is a short-term Stop Loss.
If it rises above the 0.71097 point and gains support, it is expected to rise above the 0.95 point.
(Calculated as a rebound by the'Pull Back' pattern.)
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