Taking the inflation numbers and the economy dred in the news; we are entering a washing machine with a lot of downward selling pressure that will keep XRP at prior support levels.
Moving averages are used in technical analysis to help smooth out price data by creating a constantly updated average price1. There are two main types of moving averages: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). SMA uses a simple arithmetic average of prices over some timespan, while EMA places greater weight on more recent prices1.
A rising moving average indicates that the security is in an uptrend, while a declining moving average indicates that it is in a downtrend1. Upward momentum is confirmed with a bullish crossover, which occurs when a short-term moving average crosses above a longer-term moving average. Conversely, downward momentum is confirmed with a bearish crossover, which occurs when a short-term moving average crosses below a longer-term moving average1.
Bullish indicators signal that the price of a stock or market will trend upward based on signals, patterns, or the overall tone of the market. In contrast, bearish indicators signal investors expect a stock or market to trend downwards2.
Moving averages are used in technical analysis to help smooth out price data by creating a constantly updated average price1. There are two main types of moving averages: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). SMA uses a simple arithmetic average of prices over some timespan, while EMA places greater weight on more recent prices1.
A rising moving average indicates that the security is in an uptrend, while a declining moving average indicates that it is in a downtrend1. Upward momentum is confirmed with a bullish crossover, which occurs when a short-term moving average crosses above a longer-term moving average. Conversely, downward momentum is confirmed with a bearish crossover, which occurs when a short-term moving average crosses below a longer-term moving average1.
Bullish indicators signal that the price of a stock or market will trend upward based on signals, patterns, or the overall tone of the market. In contrast, bearish indicators signal investors expect a stock or market to trend downwards2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.