✨ Hey, happy 420 you guys. I'll just keep today's idea short but on our five minute chart to start we can already see the second mountain fall that's happened. Here's that.
✨ Can see how we slipped losing the 200 EMA again and now we've cascaded further down failing to break any of our resistance points which has resulted in us getting sent back down after we failed that 0.49 test.
✨ 0.4558 is the next major support point I've got below but wow this has been quite a reversal down, not surprising but definitely a hit following what's been the UK's reveal of inflation proving that the UK is still dealing with inflation over 10% surprising many. It's to be seen whether or not XRP can regain or find footing or if it'll continue to slip below but for that we'll simply have to see.
✨ Best thing for now is just to watch those support points and resistance marks as they still prove pivotal for reading our stuff and getting some good indicators. As I mentioned, I'll be keeping this short and simple but please keep an eye out, we've got a lot going on here especially after having lost that 200 EMA it'll be interesting to see if we get a pullback or continue further down. If you'd like to leave a like or follow it'd be much appreciated, thank you!
~ Rock '
✨ Can see how we slipped losing the 200 EMA again and now we've cascaded further down failing to break any of our resistance points which has resulted in us getting sent back down after we failed that 0.49 test.
✨ 0.4558 is the next major support point I've got below but wow this has been quite a reversal down, not surprising but definitely a hit following what's been the UK's reveal of inflation proving that the UK is still dealing with inflation over 10% surprising many. It's to be seen whether or not XRP can regain or find footing or if it'll continue to slip below but for that we'll simply have to see.
✨ Best thing for now is just to watch those support points and resistance marks as they still prove pivotal for reading our stuff and getting some good indicators. As I mentioned, I'll be keeping this short and simple but please keep an eye out, we've got a lot going on here especially after having lost that 200 EMA it'll be interesting to see if we get a pullback or continue further down. If you'd like to leave a like or follow it'd be much appreciated, thank you!
~ Rock '