🤝 Alright, hope everyone is doing well today we're just gonna dive in. Can see how XRP managed to pull off that reversal with the 200 EMA managing to regain it as we've been sent back up above our 0.47 resistance managing to breakthrough before coming up against our next resistance at 0.482. 0.482 has already been tested as we can see from the chart up above.
🤝 From the chart we can see that the last time we made it up to that point we failed to sustain pressure and ended up falling back down so we'll have to watch if things repeat again in the same fashion. Here's the 1 minute chart below already depicting some action:
🤝 I've added a note for where to watch for support at that 0.47420 mark. We can already see how we're slipping with that 200 EMA and losing it a bit though wouldn't be surprised to see things dip back down. On the 15 minute seems like our 20/50 EMA's are looking to pull back and may flip again soon should we continue to lose that 200 EMA on the minute.
🤝 Basically we lose that 200 EMA on the minute just watch the support and see if we bounce or fall below like last time. I'll leave the observation here for now but if you'd like to give a like or follow it'd be much appreciated as always, thank you and wishing the best!
~ Rock '
🤝 From the chart we can see that the last time we made it up to that point we failed to sustain pressure and ended up falling back down so we'll have to watch if things repeat again in the same fashion. Here's the 1 minute chart below already depicting some action:
🤝 I've added a note for where to watch for support at that 0.47420 mark. We can already see how we're slipping with that 200 EMA and losing it a bit though wouldn't be surprised to see things dip back down. On the 15 minute seems like our 20/50 EMA's are looking to pull back and may flip again soon should we continue to lose that 200 EMA on the minute.
🤝 Basically we lose that 200 EMA on the minute just watch the support and see if we bounce or fall below like last time. I'll leave the observation here for now but if you'd like to give a like or follow it'd be much appreciated as always, thank you and wishing the best!
~ Rock '