Ripple (XRPBTC): RSI/stoch. analysis + weekly candles
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.
