Indicators
Similar to XLMBTC (see chart below). RSI continued weekly lows, very oversold. Stoch. rsi shows prolonged flatlining (becoming a record for Ripple). Price can go lower but a rebound is imminent in the coming week(s).
Candles
Still looking heavy. Reversal candle such as doji, pin bar or hammer on the weekly timeframe, together with RSI/stoch. values, would signal entry.
Monthly Time Frame also oversold.
Similar to XLMBTC (see chart below). RSI continued weekly lows, very oversold. Stoch. rsi shows prolonged flatlining (becoming a record for Ripple). Price can go lower but a rebound is imminent in the coming week(s).
Candles
Still looking heavy. Reversal candle such as doji, pin bar or hammer on the weekly timeframe, together with RSI/stoch. values, would signal entry.
Monthly Time Frame also oversold.
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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.
Related publications
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.