Stock Market

XRP (XRP) – February 27 for BITFINEX:XRPUSD by readCrypto

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(XRPUSD 1W Chart)

(All: https://www.tradingview.com/x/Z5jj9UmH/)
It needs to rise above the 0.88410 point to turn into an uptrend.

If it declines from the 0.71097 point, there is a possibility that it will fall below the 0.51383 point, so a Stop Loss is necessary to preserve the profit and loss.

However, it may rise near the 0.51383 point, so you need to think about countermeasures.

To accelerate an uptrend, you need to break out of all downtrendlines.

(1D chart)

(All: https://www.tradingview.com/x/AAxEmi4G/)

1st resistance section: around 0.83878 point

Secondary resistance section: 1.07222-1.18894

Support section: 0.48862-0.60534

It is important to maintain the price by moving above the 0.77841 point.

If it goes down, you should check to see if it finds support at the 0.68279-0.71097 zone.

If the price holds above the 0.77841 point, it is expected to break out of the bottom zone.

However, it is expected that the upward trend will continue only when it departs from the volume profile section formed in the 0.83878-0.88410 section.

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( XRPBTC 1W chart)

(All: https://www.tradingview.com/x/qMmMikt7/)
If the price holds above the 0.0000 1689 point, it is considered an uptrend.

However, it is expected that the upward trend will continue only when it rises above the 0.0000 2365 point.

To create a new wave, it must rise more than 0.0000 4264 – 0.0000 5885.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.

(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** Support or resistance is based on the closing price of the 1D chart.

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

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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