Ripple (XRP) - July 29Hello?
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(XRPUSD 1W Chart)
If the price maintains above the 0.51383-0.68279 range, we expect the uptrend to continue.
However, the 0.71097-0.88410 section is expected to create a new wave if it rises and breaks through an important volume profile section.
If it declines from the 0.51383 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
(1D chart)
If the price is maintained in the 0.60534-0.83878 range, it is expected to turn into an uptrend.
If it rises above the 0.71097-0.88410 section, it is expected that the direction will be determined again in the 1.07222-1.18894 section.
If it goes down, you should check to see if it finds support at the 0.48862-0.60534 range.
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(XRPBTC 1W chart)
If it rises in the 653 Satoshi-2413 Satoshi section, which is the bottom box section, it is expected to turn into an uptrend.
In particular, if the price is maintained above the 4264 Satoshi point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 1724 satoshi-2220 satoshi range, it is expected to turn into an upward trend.
If it goes down, we should see if there is support in the 1476 satoshi-1724 satoshi range.
If it falls from the 1476 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
However, as long as it does not fall below the downtrend line, it is expected to rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
