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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
RAIN is breaking down below its 0.005548–0.007799 1D range — 0.005409 now, 2.5% under 0.005548, the 1D candle still open
The structure is bearish, but price is right at the line that decides it: 0.005548, 2.5% away — price is breaking down from its range right now and the indicators favour the sellers' side.
RAIN is breaking down below its 0.005548–0.007799 1D range right now: at 0.005409 it is 2.5% under the floor, 0.005548. The 1D candle has not closed yet — the last close, 0.005614, was still inside; a 1D close under 0.005548 is what confirms the break.
Price is under the 50-day average (0.009707).
The last 5 days are down 17.5%, nearly every high lower than the one before.
A daily close over 0.005548 ends the bearish structure; until then it stands.
On the sellers' side: The trend has real strength, with the sellers in control; price is under the average price buyers have paid since the 0.006728 low, 0.006412, so those buyers are losing money.
A daily close past 0.005548 changes the picture.
A 1D close above 0.005548 clears resistance, though the downtrend's last lower high still sits above; the next level up is 0.006079.
0.005548 is the ceiling — the high this range was set by; price has not come back to it since.
0.005598, an order block 3.5% above price: the last candle reached it, at 0.005998, on thin volume — little traded there.
On Nov 2 sellers flushed RAIN to 0.005548, 61% under its 30-day high, on 11.1× normal volume — a selling climax. The bounce that followed ran to 0.007799; a dip to 0.005541 on Nov 7 went under the low and was bought straight back over it. Since then, RAIN has been building a base inside that swing.
Price is below it of the 0.005548–0.007799 range.
The weekly picture: a weekly downtrend, 72% under the cycle high. The daily has a falling trend of its own; the weekly has not picked a side.
Against BTC: over the last 5 daily candles RAIN moved -17.5% and BTC -1.2% — RAIN is the weaker chart. Off the panic-selling lows, RAIN is up -3% and BTC -4% — RAIN has bounced about as much.
The trend has been the buyers': the weekly chart is up.
The rest of the chart backs the downtrend. The trend has real strength, with the sellers in control. Price is under the average price buyers have paid since the 0.006728 low, 0.006412, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 0.009707 | +79.6% | swing, read |
| Swing high | 0.007799 | +44.0% | swing, read |
| Golden pocket | 0.006401 | +18.3% | golden pocket, sr |
| Monthly open | 0.006320 | +16.8% | calendar |
| Fib retracement | 0.006213 | +14.9% | fib, sr |
| Prior month low | 0.006079 | +12.4% | calendar |
| Prior day high (not retested) | 0.005998 | +10.9% | calendar, fib |
| Prior week low | 0.005798 | +7.2% | calendar, swing |
| Swing high | 0.005661 | +4.7% | swing, eq liq |
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