Hey! Giving you guys these ideas as always so let's begin!
⚡️I don't really have to say much since my previous idea already let you guys know what to watch for and what would happen as always, XRP continued to stay within that descending trend line I marked down then we'd see a breakout occur.
⚡️You can see twice on the chart already those two points encircled where we exited the trend and saw those breakouts occur with that first once managing to move out however was hit with a rejection at 0.33 thus prompting it's fall until it briefly entered below the descending trend line and was pulled back up by bulls. You can even see how they pulled it out the first time but we're brought back down by bears into the channel before really giving it their all and throwing their weight around enough to send us out once again and this time on a real good breakout.
⚡️That breakout brought us up to 0.319 alongside those multiple HTF (High Time Frame) level's we've got sitting here with a lot of volume just waiting alongside buy or sell orders. So this is that next point to watch and see whether or not we can sustain ourselves here and move up or if we simply will face rejection and get pulled back down. That'll be the case if Bitcoin can't start it's move back up which we need in order for XRP to follow. Check my previous Bitcoin idea linked below for more on that!
⚡️Anyway just watch that as well as those EMA lines. It seems like what Bulls are trying to do right now is basically pull us up hard enough for that 200 EMA line to enter the mountain again which would lead to another large move up. Now if we just barely miss the 200 EMA then we'll definitely see a fall follow as past trading action will tell us.
Anyway leave a like and follow if you appreciate the idea and keep well! Thank you.
~ Rock
⚡️I don't really have to say much since my previous idea already let you guys know what to watch for and what would happen as always, XRP continued to stay within that descending trend line I marked down then we'd see a breakout occur.
⚡️You can see twice on the chart already those two points encircled where we exited the trend and saw those breakouts occur with that first once managing to move out however was hit with a rejection at 0.33 thus prompting it's fall until it briefly entered below the descending trend line and was pulled back up by bulls. You can even see how they pulled it out the first time but we're brought back down by bears into the channel before really giving it their all and throwing their weight around enough to send us out once again and this time on a real good breakout.
⚡️That breakout brought us up to 0.319 alongside those multiple HTF (High Time Frame) level's we've got sitting here with a lot of volume just waiting alongside buy or sell orders. So this is that next point to watch and see whether or not we can sustain ourselves here and move up or if we simply will face rejection and get pulled back down. That'll be the case if Bitcoin can't start it's move back up which we need in order for XRP to follow. Check my previous Bitcoin idea linked below for more on that!
⚡️Anyway just watch that as well as those EMA lines. It seems like what Bulls are trying to do right now is basically pull us up hard enough for that 200 EMA line to enter the mountain again which would lead to another large move up. Now if we just barely miss the 200 EMA then we'll definitely see a fall follow as past trading action will tell us.
Anyway leave a like and follow if you appreciate the idea and keep well! Thank you.
~ Rock
