The ultimate analyses are made on a linear chart combined with step-line. The bearish factors overshadow the bullish overwhelmingly now (9 to 1). I've removed unnecessary information to keep it as simple as possible for you to spot the issues.
I've posted this once before (attached below), but now with the downward continuation I'm forced to confirm this. I know this will piss off a number of folks but hey, I'm just here to help, and probably end up saving you from losing your money.
Rule of thumb: Measure the peak of the 50MA at a 90 degree angle to the 200MA below, divide by 2, place at the exit of the bearish wedge (use same trajectory) and you get your approximate target bottom (+/- 10%).
You're welcome.
I've posted this once before (attached below), but now with the downward continuation I'm forced to confirm this. I know this will piss off a number of folks but hey, I'm just here to help, and probably end up saving you from losing your money.
Rule of thumb: Measure the peak of the 50MA at a 90 degree angle to the 200MA below, divide by 2, place at the exit of the bearish wedge (use same trajectory) and you get your approximate target bottom (+/- 10%).
You're welcome.
Comment:
Confirming XRP going to 0.18 this week (or lower), 0.14 by next.
Cheers!