XRP and Market continues Long Term Bear Trend.

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Trading indicators are good tools to help plan a trade.

I use the TEMA developed by Advent Trading in our library.
Mine is set at the 50, 100 and 200 Day EMA. These are commonly used tools by traders and I know of several the trade this alone. It is best used on a daily analysis. This view shows XRP is well below all averages . Thus a bear situation that allows a person to accumulate in the hopes of gains in the long term. I set my entry for this bear at .45 and got filled. While XRP can go down in value, my plan is to accumulate. So, I feel good about my plan.
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Another tool that I use in with TEMA is the Bollinger bands. I use them to help me to know how the market is reacting to issues. The Bollinger also helps me identify exit and entry potentials that I use in a process for my planning. The Bollinger is clearly showing XRP may go lower.
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The Parabolic Stop and Reverse (PSAR) is another tool I use to assess the asset class.
This shows that XRP is still in a down trend . The small dots that are either above or below the candle are that representation. When PSAR is above the candles like now, it shows more down is likely.
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The Regressive Trend Tool helps me identify not only the trend but the likely hood of the continuation of the trend. In this case, XRP would have to breakout of the trend to call a reversal. This shot shows that XRP is still moving lower. And in my plan lends support to further accumulations of XRP for long Hodl.

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I also use the regression in reverse to help me assess my assumptions and this shows me that the uptrend from the beginning of the candles is in the lower portion of the trend and moving lower. Thus, XRP is moving lower.
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XRP has not broken the tether from BTC and it will continue to move lower

I use Fibonacci retracements to find entry points. Because I am using the overall high and low of XRP, I am finding that another entry may be had at .38 and I am setting up for another buy there.

All indicators are tools that help one plan a trade and they can help you improve your trading over time.

The arrows show a double bottom occurred and that.46 is a support level so far but I expect that to break.
Clearly, the .886 fib is going to be a major support area and most likely a very good entry.
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See Chart

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This assessment is moving into the accumulation zone.
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Ok-its easy to say that there is a new low in progress. After reviewing my indicators, I have an expectation that the .38 price structure will act as resistance. I also believe that a .31 is probable. I do not believe that this asset class (all cryptos) have completed retracements. Ironically, while at dinner with friends and asked about investment in the space. I said a new asset class was in the making but I would not buy into BTC until it retraced to 5K. Looks like we are going to get there! I am accumulating XRP and BTC.
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I forgot to add the Dinner was in January.
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There is a possible new issue. The daily Bollinger indicates a squeeze is on the way. There are no predictions at this time. But, Bollinger theory suggests that there will be a pulse to the downside. I hope I am wrong. >
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I am always watchful of the potential for XRP to decouple from BTC. In this graphic, I am looking for that occurring and I do not find evidence of that happening yet. Of course, this is historical and when a decoupling occurs, it will be historical too.

XRP is still in a long term down trend!


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No change to any prior assessment. Looking lower
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A low retest has occurred and XRP indicators are pointing lower.
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BTC confirm of a lower movement.

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XRP continues to underperform and failed to breach the 50 day moving average. The orginal assessment has not chagned.


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The black line is the BTCUSD comparison

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A Better look.


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No change to the original assessment Jun 24
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After an assessment of this asset. There is a new low range showing its head. This is determined by looks at the Bollinger % and the Bollinger Bands and two looks at the Monthly and Weekly charts. The low range is now .28 to .38 which is an excellent buying opportunity for accumulation and hodl.
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No change since original assessment. XRP breached the .886 fib and continues lower
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XRP has moved into the strong accumulation phase of my assessment on June 24 and June 27.
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Great Opportunity to enter for any crypto!!!!
Think HODL
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It has been a long time since I reported on this asset. Based on my June Assessment, there has not been any change in my findings. I did add a new line to the Fib for additional information. However, In June I stated this would continue to be a bear and it has proven out to be true.

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