⚡ Hope everyone's doing well today, just here with a quick TA/Observation for you guys and before I continue as always if you'd like to leave a like or follow it'd be much appreciated, thanks and wishing the best.
⚡ We're here at another pivot moment for you guys being that our next move is likely gonna be the pivot that sways and will settle which direction we're looking at next. Now we've managed to keep within this channel for the most part. In my last observation/idea I noted that we may have that happen and to see it happen is relatively good as it's shown us still having support above our 0.45 level.
⚡ That being said we've still got our 200 EMA friend here and you already know what that means. Sooner than later we're gonna have a pretty good move and below is our 5 minute chart to give an idea of what that means:
⚡ By the chart we can see just how we fall and drop when losing that 200 EMA which even resulted in us losing our 0.45 support before bulls bought in pulling us back again. That said we've still been forming lower low's the past 2 days following our initial loss of the 200 EMA on our 5 minute chart.
⚡ This next point of connection which is already encircled should give us some indication of what we could be looking at next. What we want to look out for is whether or not we can find and claim support again should we hit that 0.45 point or if we'll fail and sink below it by which 0.44 is the next mark I've got. If we find support then we'll have to see what happens and follow along but wouldn't be surprised if we lost the 200 EMA again on the 5 minute but what matters is what forms on the 15 and 30 minute EMA's and if we lose it then.
⚡ Regardless of this and that still happy with XRP as it is and the companies developments, clearly they aren't letting the case get in the way and sooner than later it'll be done so all of these up and down movement's aren't necessarily something we should be focusing on unless your trying to day trade by which then hope this gives some insight but even so the company RIpple continues to keep pressing ahead.
⚡ I'll end the idea here as it's more than long enough for a quick observation but it is an important pivot point and what happens next basically will likely be a bit dramatic but we'll just have to see. If you'd like to keep tuned as usual simply hit that follow and like as it's always appreciated, thanks and wishing the best.
~ Rock '
⚡ We're here at another pivot moment for you guys being that our next move is likely gonna be the pivot that sways and will settle which direction we're looking at next. Now we've managed to keep within this channel for the most part. In my last observation/idea I noted that we may have that happen and to see it happen is relatively good as it's shown us still having support above our 0.45 level.
⚡ That being said we've still got our 200 EMA friend here and you already know what that means. Sooner than later we're gonna have a pretty good move and below is our 5 minute chart to give an idea of what that means:
⚡ By the chart we can see just how we fall and drop when losing that 200 EMA which even resulted in us losing our 0.45 support before bulls bought in pulling us back again. That said we've still been forming lower low's the past 2 days following our initial loss of the 200 EMA on our 5 minute chart.
⚡ This next point of connection which is already encircled should give us some indication of what we could be looking at next. What we want to look out for is whether or not we can find and claim support again should we hit that 0.45 point or if we'll fail and sink below it by which 0.44 is the next mark I've got. If we find support then we'll have to see what happens and follow along but wouldn't be surprised if we lost the 200 EMA again on the 5 minute but what matters is what forms on the 15 and 30 minute EMA's and if we lose it then.
⚡ Regardless of this and that still happy with XRP as it is and the companies developments, clearly they aren't letting the case get in the way and sooner than later it'll be done so all of these up and down movement's aren't necessarily something we should be focusing on unless your trying to day trade by which then hope this gives some insight but even so the company RIpple continues to keep pressing ahead.
⚡ I'll end the idea here as it's more than long enough for a quick observation but it is an important pivot point and what happens next basically will likely be a bit dramatic but we'll just have to see. If you'd like to keep tuned as usual simply hit that follow and like as it's always appreciated, thanks and wishing the best.
~ Rock '
