🔥 Well, it's good to know that our TA yesterday was pretty spot on and we did end up getting that confirmation for our pivot overnight as XRP finally slipped and lost it's 200 EMA. We simply used past price action and bam, once again the TA speaks for itself. If you read up on my observation yesterday you should've been pretty set and ready for the move.
🔥 We slipped below my 0.5311 mark and slipped further once we lost 0.526 nearly bringing us down to my mark below which I had already told you guys to watch out for being at 0.4921 coincidentally enough. 0.50 ended up being our support with our wicks extending further below but we can set 0.50 as a good support point for now at least.
🔥 As I said it'd would have been nice to see a good and healthy retracement which is exactly what we've seen here. As always, the chart will always have to meet up with the 200 EMA again, things can never simply go 'up and up' and instead must go with the tide and clearly the tides have done their job once again. We've slipped quite a bit away from our 200 EMA so within the next few hours or days depending on buying pressure we'll be looking to the next test.
🔥 Next test is whether we can stay above the 200 EMA as well as if we can regain our 200 EMA and climb back above it though we'll definitely face some hurdles and resistance whilst trying to break back above that 200 EMA most likely but if this month has shown us anything it's that nothing is impossible with XRP.
🔥 I'll leave the idea here to keep things short and simple for you guys but if you'd like to read up on my observation yesterday I'm sure it would be of some use to some readers out there. Thank you guys so much as always, if you'd like to leave a like or follow it'd be much appreciated! Wishing nothing but the best as always.
~ Rock '
🔥 We slipped below my 0.5311 mark and slipped further once we lost 0.526 nearly bringing us down to my mark below which I had already told you guys to watch out for being at 0.4921 coincidentally enough. 0.50 ended up being our support with our wicks extending further below but we can set 0.50 as a good support point for now at least.
🔥 As I said it'd would have been nice to see a good and healthy retracement which is exactly what we've seen here. As always, the chart will always have to meet up with the 200 EMA again, things can never simply go 'up and up' and instead must go with the tide and clearly the tides have done their job once again. We've slipped quite a bit away from our 200 EMA so within the next few hours or days depending on buying pressure we'll be looking to the next test.
🔥 Next test is whether we can stay above the 200 EMA as well as if we can regain our 200 EMA and climb back above it though we'll definitely face some hurdles and resistance whilst trying to break back above that 200 EMA most likely but if this month has shown us anything it's that nothing is impossible with XRP.
🔥 I'll leave the idea here to keep things short and simple for you guys but if you'd like to read up on my observation yesterday I'm sure it would be of some use to some readers out there. Thank you guys so much as always, if you'd like to leave a like or follow it'd be much appreciated! Wishing nothing but the best as always.
~ Rock '
