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".
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.