Daily chart, yesterday candle had a nice wick when hit 1280 - on 4H chart, it's on downtrend, when the price recovers, the volumes decreases, I believe it will drop to 1280 again to form double bottom, before it can go up again. and another thing supports is the divergence in RSI
- 19th Sep, Doji candle with high volume. - 13,15,19 Sep are selling days with decreasing volumes, and another note: the day after those selling days are buying day with the volume nearly the day before. so from my point of view, the green rectangle is the support, in next few days the price can retest this level a few times before up
could it drop to 35500 and up to 40000
tried to break up unsuccessfully, back to support line, it could be dropped to 43 if it breaks the support line
after broke uptrend, next target should be the yellow rectangle for buyers
the chart show the divergence, it should drop to 10500 to get energy to overcome the downtrend
3rd time try to break the trend with a notice volumne
xrpBTC in good position for buyers
a rising wedge and a divergence siganl on rsi => the price will drop to MA50 or even MA100
the downtrend is clear. The hidden divergence on RSI and RSI is nearly oversold. the bearish trend still continue
maybe bc of Corona virus, many investors want to buy crypto instead of stock => we see the volumne is higher than average
need a a big volume to push it out of the triangle, when the price is on the support line