Hey! Coming in at you guys again with another important analysis/Idea! And I hope you guys are doing well of course, if you'd like to leave a like and follow it would be much appreciated and always helps me to continue pushing and doing my best! Thank you.
⚡️In our last Idea yesterday I called out the possibility of getting pulled back down into that descending channel which we have done. We failed to break that 0.40 mark which I also noted was gonna be tough and we got hit with a mountain leaving of which I also notified you guys of! I noted yesterday that red line at 0.38 which was out last zone of defense basically before XRP would get pulled back down into the descending channel so that's what we've got going on now.
⚡️You can see how we pulled down through that sideways channel but got pulled up ever so slightly with some trying to bring positive price action back but that wasn't nearly enough to stop us as we had already fallen below the channel so once we entered it again we barely had enough support to sustain and so we saw another big fall happen. That's why it's good to pay attention to the channels and notes I mark down, they can help you get a very good idea of what's gonna happen, even if I haven't posted an Idea!
⚡️As always my indications and marks have stayed the same for the most part and yet they have told us so much and explain a lot of the price action you see going on, right now being as just how hard the market was hit yesterday and today with inflation being at a 40 year high following yesterday's gloomy report I see us trending below 0.40 for a bit at least until we get a good report or some kind of good news at least kicks in. With the report wall street is too scared to play long and instead will love going for those shorts right now, not to mention retail traders in general are very cautious and don't really wanna enter the market following that news either, I mean hey, if you read about 40 year inflation highs would you jump in?
⚡️Technically we definitely could still be in for some rough times as we lost both our sideways channel as well as having been pulled back down again into that descending channel as I foreshadowed so we're gonna wanna see the trademark crypto pull out of that channel before we wanna form any new ideas or look at the possibility of a shift from this point though admittedly XRP is simply following the trend right now of the market and more than less likely we will see a pretty remarkable reversal on behalf of the crypto I'm personally looking at. But for now I'm gonna wait a few hours/till later or tom to see how the crypto trends now that it's within this channel, I need to look at the price action and gauge a few things of course. We also wanna see those EMA's flip before coming to any positive outlooks right now just with how crazy the market is gonna be this week.
⚡️Personally this isn't so bad for me, what we are experiencing is something that was honestly likely due for a while with just how the market was going with everything seeing highs and breaking records we were due a reversal for everything. Personally I'm buying little bits of good picks and simply doing DCA as I know these prices will be a fever dream one day to have bought at so regardless of the market conditions right now, I'm focusing on the long and this is a good place to be in.
Thank you anyway as always you guys and well, my work speaks for itself as well as my historical Ideas as you guys that have already been with me see time and time again, I know what I'm doing, and if you believe that as well, I would appreciate a follow or like, anything is appreciated but most importantly as always, be sure to do your own DD as well and trade responsibly! And keep tuned/follow to be updated on my Ideas when I posted them so you can get the news you need, when you need it. Thank you!
~ Rock
⚡️In our last Idea yesterday I called out the possibility of getting pulled back down into that descending channel which we have done. We failed to break that 0.40 mark which I also noted was gonna be tough and we got hit with a mountain leaving of which I also notified you guys of! I noted yesterday that red line at 0.38 which was out last zone of defense basically before XRP would get pulled back down into the descending channel so that's what we've got going on now.
⚡️You can see how we pulled down through that sideways channel but got pulled up ever so slightly with some trying to bring positive price action back but that wasn't nearly enough to stop us as we had already fallen below the channel so once we entered it again we barely had enough support to sustain and so we saw another big fall happen. That's why it's good to pay attention to the channels and notes I mark down, they can help you get a very good idea of what's gonna happen, even if I haven't posted an Idea!
⚡️As always my indications and marks have stayed the same for the most part and yet they have told us so much and explain a lot of the price action you see going on, right now being as just how hard the market was hit yesterday and today with inflation being at a 40 year high following yesterday's gloomy report I see us trending below 0.40 for a bit at least until we get a good report or some kind of good news at least kicks in. With the report wall street is too scared to play long and instead will love going for those shorts right now, not to mention retail traders in general are very cautious and don't really wanna enter the market following that news either, I mean hey, if you read about 40 year inflation highs would you jump in?
⚡️Technically we definitely could still be in for some rough times as we lost both our sideways channel as well as having been pulled back down again into that descending channel as I foreshadowed so we're gonna wanna see the trademark crypto pull out of that channel before we wanna form any new ideas or look at the possibility of a shift from this point though admittedly XRP is simply following the trend right now of the market and more than less likely we will see a pretty remarkable reversal on behalf of the crypto I'm personally looking at. But for now I'm gonna wait a few hours/till later or tom to see how the crypto trends now that it's within this channel, I need to look at the price action and gauge a few things of course. We also wanna see those EMA's flip before coming to any positive outlooks right now just with how crazy the market is gonna be this week.
⚡️Personally this isn't so bad for me, what we are experiencing is something that was honestly likely due for a while with just how the market was going with everything seeing highs and breaking records we were due a reversal for everything. Personally I'm buying little bits of good picks and simply doing DCA as I know these prices will be a fever dream one day to have bought at so regardless of the market conditions right now, I'm focusing on the long and this is a good place to be in.
Thank you anyway as always you guys and well, my work speaks for itself as well as my historical Ideas as you guys that have already been with me see time and time again, I know what I'm doing, and if you believe that as well, I would appreciate a follow or like, anything is appreciated but most importantly as always, be sure to do your own DD as well and trade responsibly! And keep tuned/follow to be updated on my Ideas when I posted them so you can get the news you need, when you need it. Thank you!
~ Rock
