XRP (XRP) - May 3hello?
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(XRPUSDT 1W Chart)
Primary resistance: 07251-0.7788
Secondary resistance: around 1.0409
Support: 0.4542-0.5486
(1D chart)
It is important to break out of the downtrend line.
So, we need to see if we can find support by moving above 0.6283.
If it falls below 0.4542, there is a possibility of entering the mid- to long-term investment area, so you need to trade cautiously.
(buy)
- After confirming the support at 0.6283
(Stop Loss)
- When it falls below 0.5486 and receives resistance
- When it falls below 0.4542
(Sell)
- When receiving resistance near 0.8239-0.8731
- When receiving resistance near 1.0409
There is a possibility of a whipsaw near 0.7251, so trade with caution.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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