Some of you may have seen XRP log charts with a straight diagonal long-term channel. I painted one in grey.
It is nonsense to draw long straight diagonal lines on a log chart. As we see the absolute price increases exponentially, so the "line" needs to be a log-function resulting in a flattening curve the higher the absolute price jumps become. Sadly, Tradingview...
Some of Tsaklanos 1/99 Investing Principles (from investinghaven.com)
Only 1% of news is relevant to investors while 99% is noise.
Only 1% of price points on a chart are relevant while 99% is irrelevant.
Only 1% of the blockchain investment opportunities as well as crypto investment opportunities are really attractive.
Only 1% of the time should investors be...
Weekly Moving Average
We have a death-cross on the weekly 50-100 MA. That is bearish.
The 50 MA is flattening out slowly, that is a good sign for stabilization (sideways market), imo.
The 100-200 MA are still pointing upwards, so the overall long market trend of XRP is up, imo.
Price ranges below 50-100 MA, above 200 MA. It may test 200 if the bear market...
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as...