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".
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.