Hey hope you guys are doing well! As always coming in with the stuff you need, when you need it. And before I start as always if you feel this idea is helpful or insightful a like and follow is always much appreciated as well!
⚡️In our last idea we noted that you'd have to watch the sideways channel to see what would come about next and we'll as always it's still stuck true to telling you what you need to know about direction. Once we left the sideways channel upward for that third time being our charm we saw XRP form a new higher high which it's at right now as it is now at our descending channel's top.
⚡️I told you guys XRP was gonna try to pull back into the descending channel a few days ago and then that happened, now we are in the descending channel and this is gonna be one of those important points to watch as it could decide a lot for us in the coming days. Right now XRP could continue to push and if it does it could potentially cross above the descending channel and that in itself would likely incite a breakout for the crypto. However as great as that is I just want to point out the chances of that don't seem necessarily high considering just how whales and MM trade. They always take advantage of moments like these since these are the best moments to dump using the EMA flip technique resulting in what we call "leaving the mountain"
⚡️On top of past trading patterns we are approaching the descending channel's top which funny enough right now is just right about gonna be where our big resistance point is for 0.338 so we won't just be fighting to break the channel's top but we'll be fighting to break against that strong resistance point at 0.38-0.34. So really watch what happens in the next 30 minutes as it's gonna be vital to whether or not we breakout or if we simply get rejected at the descending channel's top in which we'll likely be sent back down to the channel's bottom before bouncing back up and getting another attempt.
⚡️I like to think of these moments as rocket launches, right now we are approaching the toughest layer to break being that atmosphere and we're gonna pushing as hard as we can to get to space so that we can get to "the moon". This is gonna be our make or break moment to see whether or not we push through or get rejected in which case our rocket will fall back down to the channel's bottom before getting all fixed up in which case we will be sent up on another attempt to the moon. Hope you guys liked my lil' explanation!
⚡️But yeah I can't emphasize enough the threat that there is right now of us getting hit with a mountain's fall, especially considering the fact that we've managed to keep relatively parallel on our EMA's and on this ascending pattern, mountains don't just go straight up, the have a multitude of inclines and declines and chances are this is our incline and we're gonna have a decline soon after that won't be as dramatic as our incline, but will decline before it can allow us to climb back up the mountain. Hope that makes sense but basically chances are more than likely we'll see a decline before we see that real push up to 0.34 and a breakout.
⚡️Watch that marked blue line as chances are we're gonna end up breaking below that marked trend line and see a mountain fall happen or just in general a fall occur following this ascending trend we've been in. So keep an eye out for that one as that's pretty simple to just watch and see the fall that precedes the crossing of the trend line.
At the end of the day watch out for that and watch those HTF levels! Those are very crucial as well at a time like this so keep note and you guys will definitely see an update later so let's keep it up and if you liked the idea or felt it was insightful feel free to leave a like and follow as always and be sure to do your own proper DD and trade responsibly! Thank you.
~ Rock
⚡️In our last idea we noted that you'd have to watch the sideways channel to see what would come about next and we'll as always it's still stuck true to telling you what you need to know about direction. Once we left the sideways channel upward for that third time being our charm we saw XRP form a new higher high which it's at right now as it is now at our descending channel's top.
⚡️I told you guys XRP was gonna try to pull back into the descending channel a few days ago and then that happened, now we are in the descending channel and this is gonna be one of those important points to watch as it could decide a lot for us in the coming days. Right now XRP could continue to push and if it does it could potentially cross above the descending channel and that in itself would likely incite a breakout for the crypto. However as great as that is I just want to point out the chances of that don't seem necessarily high considering just how whales and MM trade. They always take advantage of moments like these since these are the best moments to dump using the EMA flip technique resulting in what we call "leaving the mountain"
⚡️On top of past trading patterns we are approaching the descending channel's top which funny enough right now is just right about gonna be where our big resistance point is for 0.338 so we won't just be fighting to break the channel's top but we'll be fighting to break against that strong resistance point at 0.38-0.34. So really watch what happens in the next 30 minutes as it's gonna be vital to whether or not we breakout or if we simply get rejected at the descending channel's top in which we'll likely be sent back down to the channel's bottom before bouncing back up and getting another attempt.
⚡️I like to think of these moments as rocket launches, right now we are approaching the toughest layer to break being that atmosphere and we're gonna pushing as hard as we can to get to space so that we can get to "the moon". This is gonna be our make or break moment to see whether or not we push through or get rejected in which case our rocket will fall back down to the channel's bottom before getting all fixed up in which case we will be sent up on another attempt to the moon. Hope you guys liked my lil' explanation!
⚡️But yeah I can't emphasize enough the threat that there is right now of us getting hit with a mountain's fall, especially considering the fact that we've managed to keep relatively parallel on our EMA's and on this ascending pattern, mountains don't just go straight up, the have a multitude of inclines and declines and chances are this is our incline and we're gonna have a decline soon after that won't be as dramatic as our incline, but will decline before it can allow us to climb back up the mountain. Hope that makes sense but basically chances are more than likely we'll see a decline before we see that real push up to 0.34 and a breakout.
⚡️Watch that marked blue line as chances are we're gonna end up breaking below that marked trend line and see a mountain fall happen or just in general a fall occur following this ascending trend we've been in. So keep an eye out for that one as that's pretty simple to just watch and see the fall that precedes the crossing of the trend line.
At the end of the day watch out for that and watch those HTF levels! Those are very crucial as well at a time like this so keep note and you guys will definitely see an update later so let's keep it up and if you liked the idea or felt it was insightful feel free to leave a like and follow as always and be sure to do your own proper DD and trade responsibly! Thank you.
~ Rock
