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Ripple (XRP) – April 3 for BITFINEX:XRPUSD by readCrypto

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We have to see if we can get support at 0.59272 and rise above 0.71097.

If it falls in the 0.41590-0.43672 section, a Stop Loss is required to preserve profit and loss.

If the CCI line rises more than 100 points on the CCI-RC indicator, volatility may occur, so careful trading is necessary.

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( XRPBTC 1D chart)

We must see if we can rise above the 1108 Satoshi point and gain support.

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If you look at the charts of most of the major coins, they are either rising near their previous highs or exceeding their previous highs.

These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K.

However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.

Currently, BTC is in the period of volatility , and the coin market is in the overheating zone.

In this market situation, if you enter along with rising prices, the rate of return may be negative.

The coin price is recording positive, but the yield of the coin I bought is negative.

Therefore, if you are not familiar with same-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point.

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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 the sake of convenience, we are talking upside down for interpretation of the indicators.

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

Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)

** 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 transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they do not trade 24 hours a day.

G1: Closing price when closed

G2: Cigar at the time of opening

(Example) Gap (G1-G2)

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