🌙 Just a quick overnight technical analysis here for you guys. XRP's fallen and gone through our markings though we still see them putting in the work as usual to prove some insights. We bounced of my major support mark of 0.439 to where we're at right now.
🌙 I've added this new channel that seems to be a sort of resistance now so we can expect that to be a factor in trading should bulls manage to cross over that and possibly pave the way for another meet with our 200 EMA friend.
🌙 On the shorter time frames we can see just how we lost our 200 EMA time and time again resulting in multiple mountain falls. Here's the 3 minute chart below.
🌙 Should highlight enough of what's up and what we're dealing with here especially as that channel roughly coincides with my 0.45 mark I've got. From the 3 minute we can see what happened once we slipped below that and now it'll act as a strong resistance once we get back up there so keep that noted and marked.
🌙 I'll end this here to keep stuff short since this is simply an overnight TA but for those that may want it, it may do some good as insight. Simply my observation's as always and some markings but I stand by what I do and learn more with each and every single idea. Thanks for tuning in, if you'd like to leave a like or follow it'd be much appreciated.
~ Rock '
🌙 I've added this new channel that seems to be a sort of resistance now so we can expect that to be a factor in trading should bulls manage to cross over that and possibly pave the way for another meet with our 200 EMA friend.
🌙 On the shorter time frames we can see just how we lost our 200 EMA time and time again resulting in multiple mountain falls. Here's the 3 minute chart below.
🌙 Should highlight enough of what's up and what we're dealing with here especially as that channel roughly coincides with my 0.45 mark I've got. From the 3 minute we can see what happened once we slipped below that and now it'll act as a strong resistance once we get back up there so keep that noted and marked.
🌙 I'll end this here to keep stuff short since this is simply an overnight TA but for those that may want it, it may do some good as insight. Simply my observation's as always and some markings but I stand by what I do and learn more with each and every single idea. Thanks for tuning in, if you'd like to leave a like or follow it'd be much appreciated.
~ Rock '