“Parabolic” Signal Suggests Litecoin & XRP Will Lead, While Bitcoin & Ethereum Lag | Headlines | News | CoinMarketCap
07/21/2023 08:36
Bitcoin and Ethereum might be the two top cryptocurrencies by market cap, but according to a “parabolic” high timeframe signal, Litecoin and XRP …
Bitcoin and Ethereum might be the two top cryptocurrencies by market cap, but according to a “parabolic” high timeframe signal, Litecoin and XRP could soon lead the market higher.
The lack of the technical tool being triggered in BTC and ETH suggests that these two front runners could lag behind the lower-ranked altcoins. Here’s a closer look at why.
Explaining The Parabolic SAR In Crypto
Cryptocurrencies are known for their impressive, parabolic rallies, that later causes prices to reach extreme overvaluations. When the parabola breaks down, the trend tends to reverse into a brutal bear market. Understanding when these trend changes occur is the key to being profitable in the crypto market.
Certain tools are designed for just this purpose. For example, the Parabolic SAR tells a …