Just a bigger picture with some interesting confluences and fib channel..
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The support is looking weak. If BTC continues retracing, XRP will reach the confluence area circled in orange - fib line and major support area - I give it max 7-10 days to touch the 0,15$ if we break downwards. The fib I believe will hold strong!!Chart:
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The 0.618 fib line of the channel serves as support as expected. The chart looks still solid and I'm not touching it. If the PA will close bellow the fib then the blue horizontal support lines will be in play for a quick capitulation daily wick. Still expecting daily to close above the fib line in any case.
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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.