The price movement towards the upside doesn't coincide with the falling volume and a slight bearish divergence on the RSI. Hence ,a downward movement is possible in short term. BTC/USDT may touch 50k level and from that price point a small correction is likely.
We can see the Trend of 2016. Post halving we saw a crash after approx 360days followed by a good recovery, similarly post 2020 halving , just after 360 days we saw a crash and post crash we can expect a good recovery if we expect the market to behave in the same way as 2016 which is very likely.
This short trade for ethereum could play out . Chances for the success of this trade are a little bit higher because :
1. RSI Bearish Divergence(1hr Chart)
2. Decreasing Volume and increasing price(1D chart)(In a little long term perspective , probably weeks)
As it is clearly Visible , There are 3 Major indicators for XRP's probable bullish sentiment
1. A green candel crossing above 200MA line
2. Bullish trend reversal in MACD
3. The RSI indictor confirms that XRP has not been over bought yet !
This is not a Financial advice, this is my personal opinion based on my analysis!
we have seen significant growth on the volume before a bull run. but this time as we all can see the accumulation period for XRP has been going on for very long hence the bull run could be coming up anytime after 3 JULY.
