The key is whether it can rise above 2.2582

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(XRPUSDT 1D chart)

Important support and resistance areas are
- 2.5641,
- 1.9513,
- 1.5467.

Among them, the 1.9513 point corresponds to the volume profile area, so it can be seen as an important support and resistance area.

A trend is created when the 2.5641 or 1.5467 point is broken, so the trend is expected to be determined depending on which of these points is broken.

-
What you should pay attention to is that the OBV indicator is renewing the low.

This time, if it rises above 2.2582 and maintains the price, we should see if the OBV rises and renews the high.

If not, it is expected to fall below 1.9513.

-
Therefore, the first purchase period is when support is confirmed around 2.2582.

The second purchase period is when support is confirmed around 2.5641.

An aggressive purchase is when it falls below 1.9513 and then shows support again around 1.9513.

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Thank you for reading to the end.
I hope you have a successful transaction.

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- This is an explanation of the big picture.

I used TradingView's INDEX chart to check the entire range of BTC.

I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).

(Previous BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.

In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.

Accordingly, the uptrend is expected to continue until 2025.

-
(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it shows up to 3.618 (178910.15).

Fibonacci ratio 0.618 (44234.54) is not expected to fall again.

(BTCUSDT 12M chart)

I think it is around 42283.58 when looking at the BTCUSDT chart.

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I will explain it again with the BTCUSD chart.

The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.

In other words, it seems likely to act as a volume profile range.

Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).

Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.

To do that, we need to look at whether it can rise with support near 2.618 (134018.28).

If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.

So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).

I will explain more details when the downtrend starts.

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readCrypto

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