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Ripple (XRP) – July 10 for BITFINEX:XRPUSD by readCrypto

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(XRPUSD 1W Chart)

If the price holds above the 0.51383 point, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 0.71097-0.88410 range, it is expected to create a new wave.

(1D chart)

If the price finds support at the 0.56254-0.70391 range and moves up to maintain the price at the 0.70391-0.98663 range, I would expect a reversal to an uptrend.

If it falls in the 0.51383-0.56254 range, it is possible to enter the mid- to long-term investment area, so careful trading is required.

However, as long as it does not fall below the downtrend line, it is expected to rise, so you should be prepared for this as well.

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( XRPBTC 1W chart)

If it rises above the box section of 653 Satoshi-4264 Satoshi, it is expected to create a new wave.

It remains to be seen if it can rise above the 2413 Satoshi point and create hope for an upside.

(1D chart)

If the price is maintained in the 1724 satoshi-2220 satoshi range, it is expected to turn into an upward trend.

In particular, we need to see if we can climb to the 2220 Satoshi-2413 Satoshi section.

If it falls in the 1476 satoshi-1724 satoshi range, it may enter the mid- to long-term investment area, so careful trading is required.

However, as long as it does not fall below the downtrend line, it is expected to rise, so you should be prepared for this.

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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 it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to 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 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** 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.)

** See support, resistance, and abbreviation points.

** 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.

Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.

(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.)

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

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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