XRP at the daily timeframe.
The RSI is almost oversold, the last 5 times when price went oversold and was at around the 30 level, we saw a huge rally.
If we take the average of the last 5 times when the RSI was this oversold, then we could see a price rice of 90%. Strangely we are then exactly back at resistance of the channel.
Oversold + at support levels makes buyers to step in the game.
Will this time be different?
The RSI is almost oversold, the last 5 times when price went oversold and was at around the 30 level, we saw a huge rally.
If we take the average of the last 5 times when the RSI was this oversold, then we could see a price rice of 90%. Strangely we are then exactly back at resistance of the channel.
Oversold + at support levels makes buyers to step in the game.
Will this time be different?
CHECK IT OUT 😎
⬇️⬇️⬇️
youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
⬇️⬇️⬇️
youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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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.