Alright! You guys already know, we're here wishing well as always to start off, I simply provide the ideas that I can for you guys and give it what I've got, any likes and follows would be very much appreciated, I'm just doing what I enjoy, thank you.
⚡️XRP bounced out above that angled resistance line which I had placed down yesterday in the first idea calling out that should it move above we'd likely see a breakout which we basically did granted that breakout did start before it technically but nonetheless I was happy to see it happen.
⚡️Anyway we've hit that resistance of 0.37 much like our previous mountain top and right now we're just gonna wanna see XRP move back above 0.36 to prevent a further fall. We already lost our 20 EMA line (red) yet you can still see that green candle on the hourly which has formed just below 0.36 as bulls are doing their best to reclaim that 0.36 mark. We don't want to fall down the mountain so we're throwing our mountain tools at this to prevent a fall but whether or not that'll work will depend on what Bitcoin wants to do.
⚡️Bulls are also trying to push us up so we can avoid losing that 50 EMA as well but should we lack and fall we could likely see that descending channel for XRP come back into play again though personally I'd like to avoid that as it would bring is real close to that 0.35 red line of support indication which we very much do not want to fall through as past price action can already show you why on the chart.
⚡️I'm gonna leave the idea here for now and keep it short but you guys will basically wanna see how these candles form as we deal with 0.36 and see whether or not we hold or lose it, and like I always say those shorter time frames with the EMA's will give you a good indication ahead of time as to which direction we could be heading. If you guys would like to leave a like and follow it'd be very much appreciated, you already know I do my best with each idea for you guys simply doing what I enjoy. Thank you.
~ Rock '
⚡️XRP bounced out above that angled resistance line which I had placed down yesterday in the first idea calling out that should it move above we'd likely see a breakout which we basically did granted that breakout did start before it technically but nonetheless I was happy to see it happen.
⚡️Anyway we've hit that resistance of 0.37 much like our previous mountain top and right now we're just gonna wanna see XRP move back above 0.36 to prevent a further fall. We already lost our 20 EMA line (red) yet you can still see that green candle on the hourly which has formed just below 0.36 as bulls are doing their best to reclaim that 0.36 mark. We don't want to fall down the mountain so we're throwing our mountain tools at this to prevent a fall but whether or not that'll work will depend on what Bitcoin wants to do.
⚡️Bulls are also trying to push us up so we can avoid losing that 50 EMA as well but should we lack and fall we could likely see that descending channel for XRP come back into play again though personally I'd like to avoid that as it would bring is real close to that 0.35 red line of support indication which we very much do not want to fall through as past price action can already show you why on the chart.
⚡️I'm gonna leave the idea here for now and keep it short but you guys will basically wanna see how these candles form as we deal with 0.36 and see whether or not we hold or lose it, and like I always say those shorter time frames with the EMA's will give you a good indication ahead of time as to which direction we could be heading. If you guys would like to leave a like and follow it'd be very much appreciated, you already know I do my best with each idea for you guys simply doing what I enjoy. Thank you.
~ Rock '
