Ripple (XRP) - December 14
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It fell from the 0.52532 point.
We have to see if we can quickly ascend above 0.52532 points.
If it fails to rise, it is expected to eventually fall to the 0.42873 point.
It remains to be seen if the volatility around December 19th could rise above 0.57410 points.
In the wRSI_SR indicator, the oversold period that started on November 27th continues.
There was a short-term rise, but it did not rise above 50 and fell back to the oversold section.
The rise in prices on the down arrow that occurred on the 9th of December caused short-term upward divergence.
To complete this bullish divergence, we have to watch the price increase.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
It fell from the 0.52532 point.
We have to see if we can quickly ascend above 0.52532 points.
If it fails to rise, it is expected to eventually fall to the 0.42873 point.
It remains to be seen if the volatility around December 19th could rise above 0.57410 points.
In the wRSI_SR indicator, the oversold period that started on November 27th continues.
There was a short-term rise, but it did not rise above 50 and fell back to the oversold section.
The rise in prices on the down arrow that occurred on the 9th of December caused short-term upward divergence.
To complete this bullish divergence, we have to watch the price increase.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
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