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(XRPUSDT 1D chart)
It has broken through the important support and resistance zone.
Accordingly, the key is whether the price can be maintained above 2.5102-2.6013 and rise.
If the price is maintained above 2.5102-2.6013, it is possible that a stepwise rise will occur.
At this time,
1st: Right Fibonacci ratio 0.618(3.2085) ~ Left Fibonacci ratio 3.618(3.2983)
2nd: Right Fibonacci ratio 1(4.1944)
You need to check for support near the 1st and 2nd above.
The strong support area is 1.5-1.9669.
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The left Fibonacci ratio was drawn in the initial rising wave, and the right Fibonacci ratio was drawn in the recent rising wave.
Therefore, if the price rises above 3.618(3.2983) of the Fibonacci ratio drawn in the initial rising wave and maintains it, there is a high possibility of creating a new wave.
Since the Fibonacci ratio is a tool for analyzing the chart, it is not good to use this point as a support and resistance point.
Therefore, we need to check whether the DOM(60) indicator or the HA-High indicator is newly created and create a response strategy depending on whether there is support.
Currently, the DOM(60) indicator is formed at the 2.5102 point, and the HA-High indicator is formed at the 2.4269 point.
The basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator.
However, if it receives support in the HA-High ~ DOM(60) section and rises, it is likely to show a stepwise upward trend, and if it receives resistance in the DOM(-60) ~ HA-Low section and falls, it is likely to show a stepwise downward trend.
Therefore, trading begins by checking whether there is support in the DOM(-60) ~ HA-Low section and the HA-High ~ DOM(60) section.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Here is a description of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
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Trade active
#XRPUSDTThe DOM(60) indicator, which indicates the high point, is showing signs of being created.
Accordingly, when the DOM(60) indicator is created, whether there is support near that point is the key.
If it falls without support, you should check whether there is support near the HA-High indicator.
The HA-High indicator is currently located at 2.4269.
However, since there is a possibility that the HA-High indicator will be newly created as the price falls, you should check whether the HA-High indicator is created.
If it rises above 3.0361, it is expected to touch the Fibonacci ratio range of 0.618(3.2085) ~ 3.618(3.293).
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X에 다른 내용(코인, 주식 등)이 자주 게시.
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bit.ly/3YxHgvN
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.