Dogecoin, Ripple & Cardano — Asian Wrap 22 Sep


Dogecoin price heads south toward $0.10, DOGE bulls show little opposition

Dogecoin price action points to a continuation of the downside pressure it has experienced over the last month. Little supportive price action exists as bulls continue to disappear and fade away. Dogecoin price continues to drift lower as bears maintain a relentless assault against the bulls.

 

XRP price in free fall below $1.00

XRP price continues to show extreme weakness as bears continue to drive bulls into very near capitulation levels. The current Ichimoku Kinko Hyo chart for XRP is the most bearish chart XRP has seen since May 2021. XRP price is at a make-or-break level.

 

Cardano bulls bleed as they try to catch a falling knife

Cardano price is currently trading inside the Cloud within the Ichimoku Kinko Hyo system. This is because the Cloud represents an area of volatility and indecision, conditions that aptly describe the current condition of Cardano. Cardano price action shows a textbook case of the trading phrase known as ‘catching a falling knife.’ 



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