🛑Quick TA here as we come up on the next big test for XRP right where we are. You can see we've smashed through all of my support markings and have come up to our 0.338 marking where we NEED To see support kick. We don't see support kick and regain that 200 EMA on the one minute chart at least and it's gonna be slow for us. But personally I see support kicking in hard here and surprise surprise, as I've been typing out this Idea I see on my minute chart how there's some fight here in the least.
🛑We need to see support kick us away from that 0.338 mark as that's my last mark before we hit my decision channel below as shown:
🛑We got rejected trying to break back up above my 0.379 mark and got sent back down as a result to now where we've got this hopefully good support starting to build back up again if we're lucky. Anyway when we come back u to that just know it's a resistance point. I hope we can see that good support kick in for us honestly but definitely won't be easy, especially with the market being in heavy read today even for the big tech names notably.
🛑I don't want us to see a loss of that marking and in the least hopefully we can hover here a bit if anything and move up rather than fall through but if it happens it happens and we'll simply have to face it and DCA. Most of this has been thanks to fear due to the Alameda news but with Binance stepping in for liquidity aid and potentially buying up FTX that could hopefully help things even though it's mostly thanks to Binance we're in this mess anyway. Leaving it here for now so I don't just overflow with the info but either way it's gonna be volatile and this is where we want to see support if anything start.
🛑If you'd like to leave a like or follow it'd be much appreciated, simply the observation of a Rock and no financial advice here of course. Gonna wish well and the best as always but don't fear we got this and in the end, everything will work out eventually.
~ Rock '
🛑We need to see support kick us away from that 0.338 mark as that's my last mark before we hit my decision channel below as shown:
🛑We got rejected trying to break back up above my 0.379 mark and got sent back down as a result to now where we've got this hopefully good support starting to build back up again if we're lucky. Anyway when we come back u to that just know it's a resistance point. I hope we can see that good support kick in for us honestly but definitely won't be easy, especially with the market being in heavy read today even for the big tech names notably.
🛑I don't want us to see a loss of that marking and in the least hopefully we can hover here a bit if anything and move up rather than fall through but if it happens it happens and we'll simply have to face it and DCA. Most of this has been thanks to fear due to the Alameda news but with Binance stepping in for liquidity aid and potentially buying up FTX that could hopefully help things even though it's mostly thanks to Binance we're in this mess anyway. Leaving it here for now so I don't just overflow with the info but either way it's gonna be volatile and this is where we want to see support if anything start.
🛑If you'd like to leave a like or follow it'd be much appreciated, simply the observation of a Rock and no financial advice here of course. Gonna wish well and the best as always but don't fear we got this and in the end, everything will work out eventually.
~ Rock '
