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 at the .40
Near term continues , However, good traders know that a .886 FIB is an excellent but widely underestimated entry.
I am placing buys at .40 and ..35
This 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.
The period of resistance lasted for about 15 days....very strong and longer than any period in the last nine months.
Many apologies for the delay. All core analysis is completed by long looks (weekly) to short looks (4 hours) I use as the core the following. 1) Bolinger Band 2) Bolinger Band % 3) RSI and 4) MACD. Moving averages I use are the 50, 100 and 200.
This analysis uses converging trendlines then I utilized Fibanocci Time, Extension and Retracements to determine if there were any correlations to past structural events.