Check support near 2.2582

Hello, traders.

If you "Follow", you can always get new information quickly.

Please click "Boost" as well.

Have a nice day today.

-------------------------------------

(XRPUSDT 1D chart)

XRP's important support and resistance area is near 2.6013.

When this area breaks upward, it is the breakout trading period.

However, in order to feel more stable, buy when support is confirmed near 2.2582.

Therefore, XRP is still in an ambiguous position to consider it as a buying period.

It is not good to think that you can make more profit by buying in advance when there is not much left anyway.

The reason is that it is highly unlikely that a suitable countermeasure will be made.

Therefore, even if you buy at a slightly higher price, it is best to buy when it fits your own rules, that is, your trading strategy.

-
Like BTC, since the HA-Low indicator has been leveled off since it was created, if it rises above the HA-Low indicator this time, it is likely to lead to an additional rise.

If it does not rise and falls, it is highly likely that the price will continue to rise only if it maintains above the M-Signal indicator on the 1M chart.

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

--------------------------------------------------

- 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 while 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.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

-
(Current BTCUSD 12M chart)

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

It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).

(BTCUSDT 12M chart)

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

-
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.

------------------------------------------------------

readCrypto

Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.

◆ t.me/readCryptoChannel

[HA-MS Indicator]
bit.ly/3YxHgvN

[DMI-OBV Trend]
bit.ly/4ibHtMc

Also on:

Related publications

Importance of HA-Low, HA-High indicators

by readCrypto

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.

readCrypto

Also on:

Related publications

Importance of HA-Low, HA-High indicators

by readCrypto