The key is whether the price can be maintained above 0.6810
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(XRPUSDT 1W chart)
The point to watch is whether it can break out of the box section and start an upward trend.
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(1M chart)
If the price is maintained above 0.6810, it is significant because it has succeeded in breaking through the upper point of the box of the HA-Low indicator on the 1M chart.
In other words, it means that it has broken out of the bottom section from a long-term perspective.
Therefore, the key is whether the price can be maintained above 0.6810.
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(1D chart)
It has risen above the Fibonacci ratio 0.5 (0.7144) that was the target point.
Accordingly, if it receives support near 0.7384 and rises, it is expected to rise to around 0.618 (0.8121).
As I mentioned earlier, if it falls below 0.6810, it is highly likely to enter the box section again in the long term, so you should consider it as a stop loss point and think about a response plan for it.
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The maximum rise point is expected to be around 1.0409.
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It seems that there is an issue related to the ETF of XRP and SOL.
If the ETF issue is over, there is a high possibility of price adjustment, so you should also think about a response plan for it.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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