It's time to check support and resistance

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(XRPUSDT chart)
The interval between 0.4479 and 0.4839 is an important interval.

Therefore, if support is confirmed around this section, it is possible to buy.

However, since the HA-Low indicator on the 1D chart is located around 0.4956, it is recommended to buy when it shows support near the HA-Low indicator, which is created by rising or falling near the HA-Low indicator on the 1D chart.

Otherwise, if you buy right now, you are expected to be psychologically stressed by price fluctuations.


Looking at the 1M chart,
The area around 0.4542 corresponds to an important volume profile.

So, if it falls below this level, you should be careful as it is likely to show a long-term downtrend.

Fortunately, an uptrend line was created, so if it rises along the uptrend line, it is expected to create a new uptrend.


Looking at the 1W chart,
Since it is showing a decline below the HA-High indicator on the 1W chart, the possibility of further decline is increasing.

However, since a volume profile section is being formed at the 0.4479 point, it is important whether it is supported and rises around 0.4479.

Therefore, if it rises above the HA-High (0.4839) indicator of the 1W chart created this time, it is expected to try to rise again to around 0.5455-0.6070.

Looking at the 'Strength' indicator, the StochRSI indicator is trending down.

So, you need to make sure the price stays around or above 0.4479 until it turns upside down again.

Otherwise, if it falls below 0.4479 and shows resistance, there is a possibility of a decline near the HA-Low (0.3659) indicator on the 1W chart.

However, as the price declines, the HA-Low indicator on the 1W chart may rise and be created, so you need to make sure that it is supported near the HA-Low indicator on the 1W chart.


Summarizing the above,
Since we are currently located in an important section, it is necessary to check at which point we are supported or resisted.

If it rises above 0.6070, I expect a surge.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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