The rate of decay to the Cross of Death has increased from 1 cent per day to 3 cents.
The implied Cross of Death may occur in 72 hours or less.
This compares to a daily loss of 6 cents per candle. Thus, the implied price for the cross to occur is .43 per unit.
At .43 per unit the price will be 5 cents
shy of the .886 fib at .38.
There is structure support at the .40
Near term continues bearish, However, good traders know that a .886 FIB is an excellent but widely underestimated entry.
I am placing buys at .40 and ..35
The implied Cross of Death may occur in 72 hours or less.
This compares to a daily loss of 6 cents per candle. Thus, the implied price for the cross to occur is .43 per unit.
At .43 per unit the price will be 5 cents
shy of the .886 fib at .38.
There is structure support at the .40
Near term continues bearish, However, good traders know that a .886 FIB is an excellent but widely underestimated entry.
I am placing buys at .40 and ..35
Note
This is the broader PictureNote
Continued Degradation ahead. Related to BTCThis diagram shows Bollinger Band Crossing 200 MA. The rate of Decay is continuing.
Price of .50 is a psychological threshold. A break below that value will see a continuation to support levels shown. Ghost feed shows impact. Buy one targe it set at .50 in anticipation of Bounce. Buy two level is .38 and Buy three is level. 27 for long positions.
Note
Note
Still Valid!Note
Still Valid and the Cross occurred. More to follow.Note
Still Holding True. Look for Entry in range of .15-.27Note
Of course this is bust.....NIce uptick for XRP.Note
Also Calling the floor at .47ishNote
This is bust now and not good for use. However, a double bottom may form. In another analysis, I called .47 the floor.
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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.