Hey guys, quick yet important XRP TA here.
⚡️In my Bitcoin idea I just posted which is linked below, we described how Bitcoin had this mini wedge which had formed and I noted how it would be important in how things played out, and we unfortunately exited below that wedge leading to the mess we are dealing with right now thanks to bears:
⚡️The chart displays how we fell below my marked wedge and how bears have pulled us way below that main wedge which we had so crucially managed to keep above and hold up all this time. And now they've thrown that away with a quick sell off that may lead to an even larger sell off if we don't see support come in and try to save us at least a bit. XRP itself is still roughly within the wedge and has been faring way better than Bitcoin thus the correlation is off when you compare the charts but here's XRP's wedge:
⚡️XRP is starting to exit that wedge a bit but with what we're looking at right now, there's been no solid exit on the 15 minute at least, shows more resistance to the fall than anything which is why it'll be important whether or not we fall, we've got support, so if we see a fall below then that should be a good indication that the support likely didn't hold and should we fall below that main wedge for XRP the next possible support we should consider is at 0.33 since we've already had two supports kick in there but with this much volatility and volume hitting that support may not be very important so watch those EMA's and most importantly whether or not we exit and fall below and out of the wedge which is the absolute last thing we need right now. Also note that 0.37 was our resistance before the fall started likely since we saw that rejection hit.
⚡️Though note the correlation between Bitcoin and XRP. Things are starting to change and XRP is starting to show more bullish behavior as opposed to Bitcoin which gets hit harder and deals with a lot more volatility than it's latter. So be mindful of that as it may be important in the future to come, thank you.
⚡️If you'd like to leave a like or follow it'd be much appreciated, simply doing what I love and offering what I can for you guys with my ideas simply hoping to provide my own insight and what I'm seeing so I hope that I can help a few of you guys with my ideas and insight. We got this, thank you.
~ Rock '
⚡️In my Bitcoin idea I just posted which is linked below, we described how Bitcoin had this mini wedge which had formed and I noted how it would be important in how things played out, and we unfortunately exited below that wedge leading to the mess we are dealing with right now thanks to bears:
⚡️The chart displays how we fell below my marked wedge and how bears have pulled us way below that main wedge which we had so crucially managed to keep above and hold up all this time. And now they've thrown that away with a quick sell off that may lead to an even larger sell off if we don't see support come in and try to save us at least a bit. XRP itself is still roughly within the wedge and has been faring way better than Bitcoin thus the correlation is off when you compare the charts but here's XRP's wedge:
⚡️XRP is starting to exit that wedge a bit but with what we're looking at right now, there's been no solid exit on the 15 minute at least, shows more resistance to the fall than anything which is why it'll be important whether or not we fall, we've got support, so if we see a fall below then that should be a good indication that the support likely didn't hold and should we fall below that main wedge for XRP the next possible support we should consider is at 0.33 since we've already had two supports kick in there but with this much volatility and volume hitting that support may not be very important so watch those EMA's and most importantly whether or not we exit and fall below and out of the wedge which is the absolute last thing we need right now. Also note that 0.37 was our resistance before the fall started likely since we saw that rejection hit.
⚡️Though note the correlation between Bitcoin and XRP. Things are starting to change and XRP is starting to show more bullish behavior as opposed to Bitcoin which gets hit harder and deals with a lot more volatility than it's latter. So be mindful of that as it may be important in the future to come, thank you.
⚡️If you'd like to leave a like or follow it'd be much appreciated, simply doing what I love and offering what I can for you guys with my ideas simply hoping to provide my own insight and what I'm seeing so I hope that I can help a few of you guys with my ideas and insight. We got this, thank you.
~ Rock '
