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(XRPUSDT 1M chart) If the price remains above 0.47, it is expected to continue its upward trend.
Since the volume profile section is formed around 1.0409, it is expected that a new wave will be created only if it rises above 1.0409.
(1W chart) The HA-High indicator is formed at 0.5682.
Accordingly, the key is whether it can receive support around 0.5682 and rise.
If not, 1st: 0.5236 2nd: 0.47 You need to check if you receive support near the first and second levels above.
Since a psychological volume profile section is formed around 0.618 (0.8121), in order to continue the upward trend, the price must rise above the psychological volume profile section formed around 0.618 (0.8121).
(1D chart) As prices fall, the likelihood of a new HA-Low indicator being created increases.
The creation of the HA-Low indicator means that a low point is formed.
Therefore, if the HA-Low indicator is touched, support is an important issue.
Currently, the HA-Low indicator is formed at 0.5145.
Therefore, if the HA-Low indicator plummets to around 0.5145 before a new indicator is created, you should check to see if it shows support.
If support is confirmed, it is time to buy.
Falling below the HA-Low indicator means that there is a high possibility of renewing the low point, so a stepwise decline may occur, so you need to think about how to respond.
Since the HA-High indicator is formed at the 0.6405 point, it must rise above 0.6405 to continue the upward trend.
These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
#BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55
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