🔥 Quick 2 to 3 minute read today, thanks for reading in ladies and gentlemen!
🔥 Just gonna keep it pretty visual today, judging from the current 5 minute chart we're still consolidating within our overall channel between 0.70 and 0.79-80 looking for the next major pivot/move and here's the chart for that.
🔥 Good to see XRP still pushing and even forming a higher high on the smaller timeframe to hit that 0.77 before retracing as it has so far. What'll matter is if we slip back below to form a double top by which then we'll need some good support to keep from losing that 200 EMA again. With this consolidation though still ongoing wouldn't be surprised to see us lose that 200 again once or twice more like we already have this week following the rally.
🔥 Below is a simple chart with some arrows just showing things very simply as they are, slip below one line we fall and above another we likely breakout and form a leg up. I said today's idea would be a 2-3 minute read and that's exactly so, especially since we're still just trending with the waves basically, nothing crazy today. Target is to break 0.77 but if we can't we'll watch 0.71 for support and so on with the horizontal levels.
🔥 With that all said, I appreciate you taking the time to read this idea, even for those of you who may not care to leave a like or follow, I still appreciate you taking the time to read this and share some time with me. And all the more thanks to those of you that do continue to like my ideas and follow, really means a lot, thank you and all the best till next.
~ Rock '
🔥 Just gonna keep it pretty visual today, judging from the current 5 minute chart we're still consolidating within our overall channel between 0.70 and 0.79-80 looking for the next major pivot/move and here's the chart for that.
🔥 Good to see XRP still pushing and even forming a higher high on the smaller timeframe to hit that 0.77 before retracing as it has so far. What'll matter is if we slip back below to form a double top by which then we'll need some good support to keep from losing that 200 EMA again. With this consolidation though still ongoing wouldn't be surprised to see us lose that 200 again once or twice more like we already have this week following the rally.
🔥 Below is a simple chart with some arrows just showing things very simply as they are, slip below one line we fall and above another we likely breakout and form a leg up. I said today's idea would be a 2-3 minute read and that's exactly so, especially since we're still just trending with the waves basically, nothing crazy today. Target is to break 0.77 but if we can't we'll watch 0.71 for support and so on with the horizontal levels.
🔥 With that all said, I appreciate you taking the time to read this idea, even for those of you who may not care to leave a like or follow, I still appreciate you taking the time to read this and share some time with me. And all the more thanks to those of you that do continue to like my ideas and follow, really means a lot, thank you and all the best till next.
~ Rock '
