Class 5: Support & Resistance

Some interesting observation — after major moves, bots like to revisit their previous touchpoints and bots prefer fibs over EMA’s when big swings occur.

EMA works better for scalping, but not for big moves.

When XRP turns green then dump usually follows

Three Black Crows Pattern

• Three black crows are a reliable reversal pattern when confirmed by other technical indicators like the relative strength index (RSI).
• The size of the three black crows and the shadow can be used to judge whether the reversal is at risk of a retracement.
• The opposite pattern of three black crows is three white soldiers indicating a reversal of a downtrend.