Check if it can rise above 1.1475 and receive supportXRP / TetherUSBINANCE:XRPUSDTreadCrypto Hello? Nice to meet you, fellow traders. If you "follow" me, you can always get new information quickly. Have a great day. ------------------------------------- I remember when I first started trading cryptocurrencies. Before I began trading, I looked at how others analyzed charts. However, unlike stock analysis, trading volume was missing from cryptocurrency analysis. At first, I thought this was because it was difficult to examine the movement of trading volume due to the sheer number of exchanges. But it turned out that they were omitting volume due to differences in chart analysis methods. Although it is said that the movement of trading volume can be manipulated, I still believe that trends are ultimately formed based on the movement of volume. Therefore, I use the OBV indicator, which corresponds to trading volume, as a supplementary indicator. To overcome the limitations of interpreting the OBV indicator, I attempted to verify the trend and strength of the OBV by adding the formula from the Price Channel indicator to create Low Lines and High Lines. Additionally, by using the StochRSI indicator together, I tried to confirm the movement of waves as well. Therefore, to sustain the uptrend, 1. the StochRSI indicator must show an upward trend, and 2. the OBV indicator must be maintained above the High Line. Looking at the current movements, 1. the StochRSI indicator is showing signs of declining from the overbought zone, and 2. the OBV indicator is heading toward the Low Line. Accordingly, to transition to an uptrend, it must rise to around 1.1475 and show signs of being supported. If it fails to do so and falls, it is highly likely to drop to around 0.93. Since the HA-Low indicator on the 1D chart is currently formed at the 1.1475 point, the time to buy corresponds to when it shows signs of being supported near this point. However, as it is currently showing a stepwise downtrend, position sizing must be adjusted. In other words, position sizing and capital management must be handled through day trading. A full-scale uptrend is highly likely to begin when the price rises above the M-Signal indicator on the 1M chart and maintains that level. However, since XRP has significant support and resistance levels formed between 1.5 and 1.9669, it is expected that a full-scale uptrend will only begin once this zone is broken upwards. If the price falls below 0.93, it will enter the medium-to-long-term investment zone, so you should prepare a response plan for this. - Since various indicators are set up on the chart, it will simply be a confusing chart if you do not understand how to interpret them. I hope you will take a moment to reflect on why these indicators were added and consider how to interpret them. Explanations regarding the indicators are provided across various ideas. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------