Last night in my TA I presented to you guys a wedge that had formed on XRP's chart and indicated to you guys that whether or not we broke up or down it would be a possible breakout of fall depending on whether or not we exited below or above the wedge and following up on that idea, here's what happened.
We fell below the wedge and broke down, with a mountain fall starting all of this and we ended up losing any of our markings before finding support at 0.369 and bouncing up from there by which now we've seen this pull up happen, but what's gonna matter is whether or not we can continue and push above that 200 EMA to get a reentry, as wel as push above that 0.37684 resistance point right now that we'll need to overcome.
And should we not overcome that resistance we could see a bounce down before moving back up at some point though it all depends on those EMA's of course but we can see our 20 EMA already trying to come up and meet with that 50 so hopefully they can do that and flip otherwise it'll be a bit bumpy.
But anyway at least we had the wedge pattern down last night and can see how things played out after that, if you'd like to check out that idea simply read the linked related idea below and it'll show you the wedge idea I had for you guys last night. Thank you and wishing nothing but the best, if you'd like to leave a like or follow it'd be much appreciated as always. Thank you.
~ Rock '
We fell below the wedge and broke down, with a mountain fall starting all of this and we ended up losing any of our markings before finding support at 0.369 and bouncing up from there by which now we've seen this pull up happen, but what's gonna matter is whether or not we can continue and push above that 200 EMA to get a reentry, as wel as push above that 0.37684 resistance point right now that we'll need to overcome.
And should we not overcome that resistance we could see a bounce down before moving back up at some point though it all depends on those EMA's of course but we can see our 20 EMA already trying to come up and meet with that 50 so hopefully they can do that and flip otherwise it'll be a bit bumpy.
But anyway at least we had the wedge pattern down last night and can see how things played out after that, if you'd like to check out that idea simply read the linked related idea below and it'll show you the wedge idea I had for you guys last night. Thank you and wishing nothing but the best, if you'd like to leave a like or follow it'd be much appreciated as always. Thank you.
~ Rock '
