In this video I go through the TRX\XRP pair which I recently discovered to see how these markets affect each other.
I am not 100% sure why these inverse correlations exist but I believe it opens the door to other inverse correlations that exist between certain Cryptos.
This pair adds further credence to the views I have on these two Cryptos but we need to see more evidence.
The best indicator is price action so once again I go over these waves.
There is also a wave revision on TRX so this may start getting interesting.
Check out other ideas from this series linked down below in related items.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.