I use the developed by Advent Trading in our library.
Mine is set at the 50, 100 and 200 Day . These are commonly used tools by traders and I know of several the trade this alone. It is best used on a . This view shows XRP is well below all averages . Thus a bear situation that allows a person to accumulate in the hopes of gains in the long term. I set my entry for this bear at .45 and got filled. While XRP can go down in value, my plan is to accumulate. So, I feel good about my plan.
Another tool that I use in with is the . I use them to help me to know how the market is reacting to issues. The also helps me identify exit and entry potentials that I use in a process for my planning. The is clearly showing XRP may go lower.
The (PSAR) is another tool I use to assess the asset class.
This shows that XRP is still in a down trend . The small dots that are either above or below the candle are that representation. When PSAR is above the candles like now, it shows more down is likely.
The Regressive Trend Tool helps me identify not only the trend but the likely hood of the continuation of the trend. In this case, XRP would have to breakout of the trend to call a reversal. This shot shows that XRP is still moving lower. And in my plan lends support to further accumulations of XRP for long Hodl.
I also use the regression in reverse to help me assess my assumptions and this shows me that the uptrend from the beginning of the candles is in the lower portion of the trend and moving lower. Thus, XRP is moving lower.
XRP has not broken the tether from BTC and it will continue to move lower
I use Fibonacci retracements to find entry points. Because I am using the overall high and low of XRP, I am finding that another entry may be had at .38 and I am setting up for another buy there.
All indicators are tools that help one plan a trade and they can help you improve your trading over time.
The arrows show a occurred and that.46 is a so far but I expect that to break.
Clearly, the .886 fib is going to be a major and most likely a very good entry.
XRP is still in a long term down trend!
They are the same asset class. I am accumulating top 20!