1) must be below the zero line
2) Usually results in a volatile move to the opposite direction
3) Last move was near 90 cents in 2 days.
4) we may hit .88 again
SEE XRP cross of death for a hook formation and results.
I think we are near a bottom on this...there is a chance this may go lower and the lowest candlesticks are in the .80's. So, I am setting an entry point for a downward spike at .85 at 25% of holdings-Just in case, this goes lower. Call this entry 1.
Each of you must assess your own risk to reward and this is not an investment advice. I am announcing my plan based on my assessments and experience. I am not responsible for the actions of other traders.
Still no hoooooook
“Not only does it have a clear use case, XRP is faster, cheaper and more scalable than any other digital asset,” Mr. Kitao said. “I strongly believe it will become the global standard in digital currencies.”
Good Job...That is a good channel confirmation. This may break channel to the .786 or .886 Fib