☀️ Hey, hope everyone's doing well today, just wanted to give a quick early TA for you guys so tune in if you'd like. And before I continue if you'd like to leave a like or follow it'd be very much appreciated, thank you.
☀️ I don't really have to go too in depth on stuff as our chart's already giving us more than enough data to aggregate some ideas. I haven't added any new marks so we've still got our normal points to watch as usual and I'm sure you can guess what marks those may be.
☀️ We've been in this channel between 0.455 and 0.47420 for a bit now slipping out of it a few times up and down with our most recent loss kicking us down to my 0.434 mark before things picked back up. I've added a point of strongest support there just to simplify stuff.
☀️ XRP did form a double top even after crossing above 0.47420 twice failing to break 0.485 and instead falling back down much like a space shuttle may when unloading it's boosters before we reversed back up. Bulls did manage to come back up and avoid losing more ground even regaining that 200 EMA for a bit but that's been short lived and now we're just at another test point.
☀️ The test here is gonna be if we'll keep above that 0.455 support and should we it could help us recover that 200 EMA else we stand a good chance to slip much further if we fall below that point again and slip further from our 200. We just want to avoid a mountain fall basically, if we slipped too far from our 200 EMA like that it'd make things volatile and we want things to keep as chill as possible for XRP.
☀️ I think you guys already get the point, watch the points and let's see if this test proves well and we regain that 200 or fail and vice versa. If you liked the observation or at least we're a bit interested it'd be much appreciated if you could leave a like and follow, always helps.
~ Rock '
☀️ I don't really have to go too in depth on stuff as our chart's already giving us more than enough data to aggregate some ideas. I haven't added any new marks so we've still got our normal points to watch as usual and I'm sure you can guess what marks those may be.
☀️ We've been in this channel between 0.455 and 0.47420 for a bit now slipping out of it a few times up and down with our most recent loss kicking us down to my 0.434 mark before things picked back up. I've added a point of strongest support there just to simplify stuff.
☀️ XRP did form a double top even after crossing above 0.47420 twice failing to break 0.485 and instead falling back down much like a space shuttle may when unloading it's boosters before we reversed back up. Bulls did manage to come back up and avoid losing more ground even regaining that 200 EMA for a bit but that's been short lived and now we're just at another test point.
☀️ The test here is gonna be if we'll keep above that 0.455 support and should we it could help us recover that 200 EMA else we stand a good chance to slip much further if we fall below that point again and slip further from our 200. We just want to avoid a mountain fall basically, if we slipped too far from our 200 EMA like that it'd make things volatile and we want things to keep as chill as possible for XRP.
☀️ I think you guys already get the point, watch the points and let's see if this test proves well and we regain that 200 or fail and vice versa. If you liked the observation or at least we're a bit interested it'd be much appreciated if you could leave a like and follow, always helps.
~ Rock '
