Overbought and oversold on XRPBTC
Using the Williams R% oscillator indicator since July 2019 we can see overbought and oversold states on XRPBTC. Here are two types of vertical lines: greens and orange.
The green lines are the moment when the position should have been open and the oranges when it should have been close.
The arrows show whether price should have risen or fallen according to the indicator.
The conservative signal for a long position is when the line breaks up the bottom dashed and the -50.00 line. The signal for a short position is the mirror. At this time, the signal is for a long position from 27 Mar until the line breaks down the -50.00 line again.
Note: Stop loss and take profits are only illustrative.
Chart: D
The green lines are the moment when the position should have been open and the oranges when it should have been close.
The arrows show whether price should have risen or fallen according to the indicator.
The conservative signal for a long position is when the line breaks up the bottom dashed and the -50.00 line. The signal for a short position is the mirror. At this time, the signal is for a long position from 27 Mar until the line breaks down the -50.00 line again.
Note: Stop loss and take profits are only illustrative.
Chart: D
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