Perfect example.
Higher peaks with lower oscillator peaks. We can draw a trendline on the oscillator and expect serious upside price-momentum in XRP/BTC on a breakout of the indicator trendline.
a) is the peak with an RSI in the upper echelons, b) is the higher peak much lower on the RSI oscillator, and finally move c) that is now underway, which is almost as high as the (b) move already, but at a much lower RSI point.
Higher peaks with lower oscillator peaks. We can draw a trendline on the oscillator and expect serious upside price-momentum in XRP/BTC on a breakout of the indicator trendline.
a) is the peak with an RSI in the upper echelons, b) is the higher peak much lower on the RSI oscillator, and finally move c) that is now underway, which is almost as high as the (b) move already, but at a much lower RSI point.
Trade closed: target reached
