(Video Training) Using The RSI To Trade Ripple

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(Video Training) Using The RSI To Trade Ripple

December 21, 2017 News Trading Signals 0

When trading using technical analysis, it is important to use a holistic approach. I personally like using indicators as a tool on top of my market structure analysis. The Relative Strength Index is one of the most popular indicators used because it helps explain when a coin is overbought and oversold. Overbought coins are known to sell off while oversold coins are known to have growth potential.

In the video above, I take a look at the popular cryptocurrency Ripple ($XRP). Using the RSI indicator, I was able to pick specific entry points for coins that allowed for easy 5-10% gains. One of the most important parts of using the RSI is being able to do analysis on the calculation itself. I personally draw support and resistance lines on my RSI chart because it gives a great indication of the true turnaround points.

The biggest issue….. check source for more info and video below:

Source: (Video Training) Using The RSI To Trade Ripple

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