Short update!
Notice the price dive right after the XRP price line crossed over the magical Gray 2.618 fib circle boundary. Look out below, because there is nothing beneath that fib circle ring that would give me any indication of a reversal IF the price goes any further away from the 2.618. To play this safe, brace yourself for 0.18 which is roughly where the candles could bounce on the bottom of the parallel trading channel. This is of course assuming that the bearish trend continues. Being that we are still in lock-step with Big Brother BTC, and the fact that BTC is in a slide headed towards $6500 (my opinion only), look for the bottom edge of that channel to be a target.
The Gray 3.618 is looming way below, and that could come with a price check-down of 0.16 if we don't see a FAST recovery back up to the 2.618 line. If we do recover and reverse trend, 0.25 could be back on the map in short order. But in all likelihood, this bearish trend is going to continue.
Don't take my word for it. Not financial advice. Entertainment purposes only.
Carlton Flowers
The CrytpoPro
Notice the price dive right after the XRP price line crossed over the magical Gray 2.618 fib circle boundary. Look out below, because there is nothing beneath that fib circle ring that would give me any indication of a reversal IF the price goes any further away from the 2.618. To play this safe, brace yourself for 0.18 which is roughly where the candles could bounce on the bottom of the parallel trading channel. This is of course assuming that the bearish trend continues. Being that we are still in lock-step with Big Brother BTC, and the fact that BTC is in a slide headed towards $6500 (my opinion only), look for the bottom edge of that channel to be a target.
The Gray 3.618 is looming way below, and that could come with a price check-down of 0.16 if we don't see a FAST recovery back up to the 2.618 line. If we do recover and reverse trend, 0.25 could be back on the map in short order. But in all likelihood, this bearish trend is going to continue.
Don't take my word for it. Not financial advice. Entertainment purposes only.
Carlton Flowers
The CrytpoPro