Ripple (XRP) - Above The Stomach Bullish Scalp -Analysis & Educ.
Cập nhật
This is a simple 
XRPUSD & 
XRPBTC scalp based on the "above the stomach" two-candlestick pattern visible on the 4-hour time-frame...
Above The Stomach:
# of periods (candles) = 2
price trend (going into the pattern) = downward
first candle = black
second candle = white candle opening and closing at or above the midpoint of the prior black candle's body
Theoretical performance: Bullish reversal
Tested performance: Bullish reversal 66% of the time
Frequency rank: 32
Overall performance rank: 31
Best percentage meeting price target: 61% (bull market, up breakout)
Best average move in 10 days: -4.86% (bear market, down breakout)
Best 10-day performance rank: 33 (bear market, down breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts.
Other Confirmations based this chart & indicators:
KnowSureThing - (RoC Based) showing potential for a double cross (That is both a cross of the signal and zero lines)
-The zero-line cross is extra significant as it is the second cross (locally)... as in price has recently cross the zero-line only to fall back below, ready for a second cross..
Net Volume is positive = more buying than selling (a weak bullish confirmation)
Price Target:
Use the blue colored dash trend-lines to approximate your target
XRPUSD & XRPBTC scalp based on the "above the stomach" two-candlestick pattern visible on the 4-hour time-frame... Above The Stomach:
# of periods (candles) = 2
price trend (going into the pattern) = downward
first candle = black
second candle = white candle opening and closing at or above the midpoint of the prior black candle's body
Theoretical performance: Bullish reversal
Tested performance: Bullish reversal 66% of the time
Frequency rank: 32
Overall performance rank: 31
Best percentage meeting price target: 61% (bull market, up breakout)
Best average move in 10 days: -4.86% (bear market, down breakout)
Best 10-day performance rank: 33 (bear market, down breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts.
Other Confirmations based this chart & indicators:
KnowSureThing - (RoC Based) showing potential for a double cross (That is both a cross of the signal and zero lines)
-The zero-line cross is extra significant as it is the second cross (locally)... as in price has recently cross the zero-line only to fall back below, ready for a second cross..
Net Volume is positive = more buying than selling (a weak bullish confirmation)
Price Target:
Use the blue colored dash trend-lines to approximate your target
Giao dịch đang hoạt động
Was looking for a "long" dip on the 1m or 5m that resembles the same move that immediately preceded the rally in ETH --- It just happened so we should be good to go from hereGiao dịch đang hoạt động
P.S. Remember that until the current candle closes "above the stomach" we cannot confirm 100%Giao dịch được đóng thủ công
This would be an ideal entry assuming a reversal however as far as the abovethestomach pattern goes, it has failed to hold. Thus Trade Closed (or Not Open) - However this does not mean a long is necessarily a bad or impossible play at this point.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.