XRPUSD: Accumulate Now in Preparation for Next 3-Week Candle.
Does this mean we are definitely going up substantially the next 3-Week candle? No, not necessarily... However, the 3-Week time frame is beginning to look bullish. It's the first time in ages the Red RSI is above 56 AT THE SAME TIME the Blue LSMA is at least above level 44. We have a CHANCE of the B-Bands expanding in the 3-Week candle beginning November 16, 2020. If not that 3-Week candle, then even more likely for the next 3-Week candle after that.
As mentioned in the video, I would prefer to trade XRP in the strategy of an "investor" rather than a day trader. There are much easier pairs to day trade with larger swings on a daily basis to be more profitable than XRPUSD or XRPBTC. I've labeled this as a LONG position based on what I'm seeing in the 3-Week time frame from the viewpoint of an INVESTOR; NOT as a day trader. Do NOT use this analysis for the purpose of opening a margin long. Especially, with high leverage. Do so at your own risk!
Stay Awesome!
David
As mentioned in the video, I would prefer to trade XRP in the strategy of an "investor" rather than a day trader. There are much easier pairs to day trade with larger swings on a daily basis to be more profitable than XRPUSD or XRPBTC. I've labeled this as a LONG position based on what I'm seeing in the 3-Week time frame from the viewpoint of an INVESTOR; NOT as a day trader. Do NOT use this analysis for the purpose of opening a margin long. Especially, with high leverage. Do so at your own risk!
Stay Awesome!
David
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UPDATE:
As you can see... It appears the NEW 3-Week Candle has the White Energy running up to level 50 right on cue.
As you can see... It appears the NEW 3-Week Candle has the White Energy running up to level 50 right on cue.
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UPDATE:
Simply a look at the indicators and price action in this NEW 3-Week candle:
Simply a look at the indicators and price action in this NEW 3-Week candle:
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3-Week time frame: