The price is rising after hitting the bottom of the bollinger bands, and is entering a strong zone of support on the RSI. The MFI is also very oversold which indicates a rise. The only sign that it is not a good time to buy is the MACD which is below zero - however given the other indicators are strong enough to outweigh this. I predict that the price will rise to...
Ripple could be on another downward trend - or it could bounce back making now an excellent time to buy. The bollinger bands are tightening again which indicates a price jump soon. If I were day trading I would set some alerts to see if Ripple looks to be breaking through the 0.2073 mark and then catch it on the upward swing.
Please help: I was trying to demonstrate how looking at things in the longer term can help to explain seemingly erratic price movements in the short term - but had trouble putting DIFFERENT DRAWINGS on to a split screen of the same chart. I succeeded with the bollinger bands: only showing them on the right-hand chart, but I'm not sure how I did it. I also couldn't...
The BTCprice has tested the resistance line shown in black, and the MACD lines indicate that the fast moving average will cross the slow moving average soon. So I predict that the upward trend will continue and the BTCprice will move above the middle of the bollinger bands to at least 7397 where X marks the spot.
