XRP/USD: Showing Downward Pressure in Scalping TF Could continue
Short Term Group of TF to look at should downward pressure continue in the scalping group of TF. :
Far left 3h, left center 6h, right center 12h and far right 24h TF.
RED RSI in 3h getting close to crossing the 50 level. If the RED RSI does cross below the 50 level, a race is triggered. This race is between the white energy in the 3h and the RED RSI in the 6h TF. The question to ask is, " Will the White Energy in the 3h CLOSE above the level 50 before the RED RSI in the 6h can CROSS below level 50. If 6h RED RSI wins the race, ignore the 3h white energy. Now focus on the white energy in the 6h and the RED RSI in the 12h.
Currently the RED RSI is at 59.12 in the 3h. The RED RSI in the 12min, 23min, 45min, and 90min are ALL BELOW level 50.
Far left 3h, left center 6h, right center 12h and far right 24h TF.
RED RSI in 3h getting close to crossing the 50 level. If the RED RSI does cross below the 50 level, a race is triggered. This race is between the white energy in the 3h and the RED RSI in the 6h TF. The question to ask is, " Will the White Energy in the 3h CLOSE above the level 50 before the RED RSI in the 6h can CROSS below level 50. If 6h RED RSI wins the race, ignore the 3h white energy. Now focus on the white energy in the 6h and the RED RSI in the 12h.
Currently the RED RSI is at 59.12 in the 3h. The RED RSI in the 12min, 23min, 45min, and 90min are ALL BELOW level 50.
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.