TradingView
FuyiFX
Jun 1, 2019 7:49 PM

XRPUSD FORGET A GOLDEN CROSS, TAKE A CLOSER LOOK AT THE CHART. Long

XRP / U.S. dollarBitstamp

Description

Over the last few days there has been a lot of hype about a "golden cross" and now a "cup and handle". While these indicators do exist in the world of TA, they are not used as much as people think they are. Looking at pure price action and retracement levels, you can see a clear breakdown of what is happening. On a larger scale, price has held the 61.8 level while at the same time holding intraday 61.8 level again. I remember using the "Golden Cross" indicator around 7 years ago and soon realized that it is not an end all be all technical indicator as well as MACDs or RSIs and even cups of tea with handles. Focus on price action and not silly indicators to get a closer look at what price is telling you. I am still BULLISH on XRP. Let's keep all the silly $5 price predictions overnight down a bit yea?Cheers!

Comment

Daily closed above as suggested. Now eyeing further upside
Comments
FuyiFX
A close above June 1st daily close will signal further upside. Daily close though. Important.
More