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(XRPUSDT 1D chart) XRP is moving sideways, but I think it is rising along a long-term rising channel.
Accordingly, the key is whether it can be supported near 0.6013 and rise above the long-term rising trend line -1.
- If it falls below 0.6013, it is important whether it can be supported and rise near the M-Signal indicator on the 1D chart.
If not, you should check whether it is supported near 0.5682.
If that happens, when the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, I think it is highly likely that a full-scale uptrend will begin as it breaks through the long-term rising channel upward.
- If it fails to rise and falls below the M-Signal indicators of the 1W and 1M charts, it is expected to fall near the HA-Low indicator (currently 0.5083) of the 1D chart.
- If it rises above the long-term rising trend line-1,
1st: 0.5 (0.7144) 2nd: 0.618 (0.8121) The 1st and 2nd areas above correspond to the support and resistance areas.
These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55
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