XRPUSD Trader's Cheat Sheet for XRP-USD Cryptocurrency

Understanding the Trader's Cheat Sheet

The Trader's Cheat Sheet compiles 50 widely used technical indicators, projecting trigger prices for the next trading session. It updates upon receiving end-of-day settlement data and is tailored to the current or next session based on market hours.

Key Features:

• Color-Coded Signals: Bullish (blue) and bearish (red) interpretations guide market sentiment.
• Price Ladder: Trigger prices are listed hierarchically, from highest to lowest.

• Support/Resistance Legend:

  • Blue below last price: Potential support to limit downturns.
  • Red above last price: Likely resistance to cap upward moves.
  • Blue above last price: Confirmation of upward momentum.
  • Red below last price: Validation of downward trends.

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Indicator Definitions

14-Day Stochastic Stalls

• %K Stochastic Formula:

  1. Value1 = (3 × %K Stochastic) − (2 × Raw Stochastic)
  2. Value2 = (14-Day High − 14-Day Low) / 100.0
  3. Stall = (Value1 × Value2) + 14-Day Low

• %D Stochastic Formula:

  1. Value1 = (3 × %D Stochastic) − (2 × %K Stochastic)
  2. Value2 (same as above)
  3. Stall = (Value1 × Value2) + 14-Day Low

Pivot Points Calculation

Pivot points identify intraday support/resistance levels using the day’s high (H), low (L), and close (C):

• Pivot Point (PP): (H + L + C) / 3

• Resistance Levels:

  • R1 = (2 × PP) − L
  • R2 = PP + (R1 − S1)
  • R3 = H + (2 × (PP − L))

• Support Levels:

  • S1 = (2 × PP) − H
  • S2 = PP − (R1 − S1)
  • S3 = L − (2 × (H − PP))

Moving Averages & Volatility

• Popular Periods: 9, 18, 40 days (historically favored by floor traders).

• Standard Deviation (5-period):

  1. Calculate the average closing price.
  2. Compute variance from the mean.
  3. Square variances, sum, multiply by 2 or 3 (for ±2σ/±3σ), divide by (data points − 1), then square root.

• Interpretation:

  • 1σ: 68% probability prices stay within range.
  • 2σ: 95% probability.
  • 3σ: 99.7% probability.

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FAQs

1. How often is the Cheat Sheet updated?

It refreshes upon receiving end-of-day settlement data, aligning with the next market session.

2. Can pivot points predict breakouts?

Yes. Clustering of blue above current price or red below often signals potential breakouts.

3. Why use 5-period standard deviation?

It balances responsiveness with statistical reliability, capturing short-term volatility without noise.

4. Are all indicators equally reliable?

No. Indicators like Fibonacci retracements have fixed interpretations, while others (e.g., moving average crossovers) depend on context.

5. How exportable is this data?

Barchart members can export to Excel or CSV formats, provided the asset has ≥5 trading days of data.

Disclaimer: Trading involves risk. Past performance does not guarantee future results.