🔥 Alright, you guys already know what's up, gonna try to keep this short and quick as usual. XRP kept pushing and pushing without any healthy retracement and so we got that quick mountain exit losing that 200 EMA and parachuting down again to our markings.
🔥 We exited from my channel as shown below between that 0.408 to 0.411 mark losing it's momentum and sliding down to where support's kicked in again and the markets testing the waters looking for it's next move and indicator.
Now here's the minute chart below:
🔥 We can see pretty clearly right now how we've managed to keep support against my next mark of 0.39627 and are facing that resistance when trying to break 0.40. What mainly matters right now is basically just that 200 EMA. If we lose it again or get a quick selloff that could trigger another mountain fall below our support of 0.396. Support's kicking though and definitely trying to regain pressure but after a fall like this traders will definitely be hesitant and overnight activity should show us more movement as the european markets wake up and make their choices.
🔥 Regardless you guys should watch those 200 EMA's and watch our support mark most importantly, the hope is that we can recover as always of course but should we fall keep that noted and set an alert for my mark if you'd like. Going to end things off here for now but if you'd like to leave a like or follow it'd be much appreciated as always, thank you and wishing well! Thanks for taking the time to read my observation as per usual.
~ Rock '
🔥 We exited from my channel as shown below between that 0.408 to 0.411 mark losing it's momentum and sliding down to where support's kicked in again and the markets testing the waters looking for it's next move and indicator.
Now here's the minute chart below:
🔥 We can see pretty clearly right now how we've managed to keep support against my next mark of 0.39627 and are facing that resistance when trying to break 0.40. What mainly matters right now is basically just that 200 EMA. If we lose it again or get a quick selloff that could trigger another mountain fall below our support of 0.396. Support's kicking though and definitely trying to regain pressure but after a fall like this traders will definitely be hesitant and overnight activity should show us more movement as the european markets wake up and make their choices.
🔥 Regardless you guys should watch those 200 EMA's and watch our support mark most importantly, the hope is that we can recover as always of course but should we fall keep that noted and set an alert for my mark if you'd like. Going to end things off here for now but if you'd like to leave a like or follow it'd be much appreciated as always, thank you and wishing well! Thanks for taking the time to read my observation as per usual.
~ Rock '