Check for support around 0.5236-0.5384Hello traders!
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(XRPUSDT 1D chart)
The most important point on the XRP chart is the 0.47 point.
This is because if it falls below 0.47, it is expected to enter the bottom range from a long-term perspective.
Therefore, the price should be maintained above 0.47.
Since the M-Signal of the 1M chart > M-Signal of the 1W chart > M-Signal of the 1D chart, it shows a downward trend.
Accordingly, the key is whether it can receive support and rise around 0.5236-0.5384.
If it fails to rise, caution is needed as it is likely to touch around 0.47 again.
If the HA-High indicator is supported and rises, it is likely to renew the previous best high.
Therefore, it is time to buy whenever it rises above the HA-High indicator on the 1D, 1W, and 1M charts and shows support.
If it is not supported by the HA-High indicator and falls, it will be time for a split sale, so caution is needed in response.
One thing you must think about before you start trading is your investment horizon.
If you do not decide how long you will invest for, you may not be able to respond properly when prices fluctuate, so you must decide on the investment period.
Next, you must decide how much to invest and how to trade or realize profits.
No matter how long-term you invest, you must sell when the price rises to a certain level.
There are three ways to sell: selling 100%, selling a portion, or selling an amount equivalent to the purchase principal to increase the number of coins (tokens) corresponding to the profit.
The method of increasing the number of coins (tokens) corresponding to profit by selling an amount corresponding to the purchase principal ultimately ends up holding only the number of coins (tokens) whose average purchase price is 0.
Therefore, there is absolutely no risk associated with holding it.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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 zone, you should check the movement when this zone 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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