⚡Alright! Hope everyone's been well as usual, just tuning in with a rather quick TA today since we haven't had too much trading activity to deal with, markets been pretty relaxed and treading like a lure may in the water simply hovering up and down until it gets pulled down by the fish or pulled up when trying to catch that reward.
⚡We can identify a new entry of that 200 EMA following the support we found at 0.50 which XRP has used to propel itself back up to catch that 200 EMA catching it again to where we'll have to see if we can push past 0.509 and 0.51 up above.
⚡In yesterday's idea we identified some support points and resistance points so if you'd like to read up on that would likely offer some more guidance and thought for the mind. With that being said check out this 30 minute chart below depicting what's up with our 200 EMA. Shows that we're just barely there with it and it'll take some more time for us to get a confirmation to see whether or not we really hold that 200 EMA since the possibility of a drop will still be possible till that line crosses through.
⚡Timewise traders are likely watching the 30 minute more closely than the shorter time frames so 30 minute is a good one to keep an eye on with our 200 EMA. Just because we've regained it on the shorter frames doesn't necessarily mean we're all set. The risk is still there so keep an eye out and set some alerts. If you'd like to leave a like or follow it'd be much appreciated per usual. Simply offering my observations when I can, thanks and appreciate you guys as always! Wishing the best.
~ Rock '
⚡We can identify a new entry of that 200 EMA following the support we found at 0.50 which XRP has used to propel itself back up to catch that 200 EMA catching it again to where we'll have to see if we can push past 0.509 and 0.51 up above.
⚡In yesterday's idea we identified some support points and resistance points so if you'd like to read up on that would likely offer some more guidance and thought for the mind. With that being said check out this 30 minute chart below depicting what's up with our 200 EMA. Shows that we're just barely there with it and it'll take some more time for us to get a confirmation to see whether or not we really hold that 200 EMA since the possibility of a drop will still be possible till that line crosses through.
⚡Timewise traders are likely watching the 30 minute more closely than the shorter time frames so 30 minute is a good one to keep an eye on with our 200 EMA. Just because we've regained it on the shorter frames doesn't necessarily mean we're all set. The risk is still there so keep an eye out and set some alerts. If you'd like to leave a like or follow it'd be much appreciated per usual. Simply offering my observations when I can, thanks and appreciate you guys as always! Wishing the best.
~ Rock '
