Here's Why I'm So Bullish On XRP
I use three trend analysis systems here...
SYSTEM #1: EMAS (8-21-89)
- On the weekly timeframe the short-term averages have crossed up
- XRP has also spent time on the lows, sucking in the RSI to the 50 level and holding... building up pressure to attack the highs
SYSTEM #2: Stop-And-Reverse Combos
- Triggered long on the weekly and daily time frames
- The story going on right now with the SEC and the slack messages... is a lot of noise
SYSTEM #3: Relative Trend Strength
- snipboard.io/7xjlb6.jpg
- I create this relative strength scorecard... basically it ranks a basket of top coins by cap in terms of their relative trend strength to everything else.
- I allocate capital to strongest and aim to always be in the top performers. And XRP has been building strength recently.
Trend is your friend - good luck!
XRPUSDT
SYSTEM #1: EMAS (8-21-89)
- On the weekly timeframe the short-term averages have crossed up
- XRP has also spent time on the lows, sucking in the RSI to the 50 level and holding... building up pressure to attack the highs
SYSTEM #2: Stop-And-Reverse Combos
- Triggered long on the weekly and daily time frames
- The story going on right now with the SEC and the slack messages... is a lot of noise
SYSTEM #3: Relative Trend Strength
- snipboard.io/7xjlb6.jpg
- I create this relative strength scorecard... basically it ranks a basket of top coins by cap in terms of their relative trend strength to everything else.
- I allocate capital to strongest and aim to always be in the top performers. And XRP has been building strength recently.
Trend is your friend - good luck!
XRPUSDTTrade closed: stop reached
Stop-and-reverse system has me out of this now:Will be waiting for a signal to re-enter this idea at a later point.
Disclaimer
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.
Disclaimer
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.