XRP Bullish Trend Pattern
i used 3 tools to see the bullish trend pattern, such as :
1. Regression trend (this is a good tool to use to determine when a price is unusually far away from its baseline)
2. Trend line (to confirm the three rising valleys and bullish pattern)
3. Rectangle (to see the sideway market pattern)
In addition, I use the RSI indicator to make sure the market is still cheap, which is below 50 (Length 10).
Based on the previous pattern. if the RSI below 50, then the market is in the support area.
Currently, the pattern has formed a "MEASURED MOVE UP".
1. Regression trend (this is a good tool to use to determine when a price is unusually far away from its baseline)
2. Trend line (to confirm the three rising valleys and bullish pattern)
3. Rectangle (to see the sideway market pattern)
In addition, I use the RSI indicator to make sure the market is still cheap, which is below 50 (Length 10).
Based on the previous pattern. if the RSI below 50, then the market is in the support area.
Currently, the pattern has formed a "MEASURED MOVE UP".
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.