⛵Through these choppy waters that have hit us XRP has managed to keep it's boat afloat amongst all that's happened and hit us. It dipped a bit below my 0.439 marking having us avoid falling further should we have lost that 0.44 mark which is nice to see but now we're at this critical junction again. We've entered that 200 EMA which in itself is a feat enough but now what matters is whether or not we actually hold it or lose it and fall further again. Here's a 3 minute chart to display things in clearer view:
⛵Show's how we entered that 200 EMA but have now had to deal with 0.454 which has acted as a short resistance for us and we've formed two mountain tops there which could be interpreted as a double top. The hope of course is that we don't lose that EMA but with how things are looking it's a bit bleak for sure until support can hold Bitcoin up and XRP in tune. Should we lose it you'll want to watch my marking of 0.44 and mark that down for your own charts, through these choppy waters with the whole market getting hit we can only hope that things calm down soon and that we can get out of this storm that's hit us.
⛵Leaving the idea here for today since it isn't much and we managed to avoid our first test of sinking so that's nice but doesn't mean we're out of the storm at all yet so keep tuned and watch those EMA's on the shorter time frame to help you out better. If you'd like to leave a like or follow it'd be much appreciated, I'm simply but a Rock voicing what I see and can interpret in the market and explain, thank you as always and wishing well.
~ Rock '
⛵Show's how we entered that 200 EMA but have now had to deal with 0.454 which has acted as a short resistance for us and we've formed two mountain tops there which could be interpreted as a double top. The hope of course is that we don't lose that EMA but with how things are looking it's a bit bleak for sure until support can hold Bitcoin up and XRP in tune. Should we lose it you'll want to watch my marking of 0.44 and mark that down for your own charts, through these choppy waters with the whole market getting hit we can only hope that things calm down soon and that we can get out of this storm that's hit us.
⛵Leaving the idea here for today since it isn't much and we managed to avoid our first test of sinking so that's nice but doesn't mean we're out of the storm at all yet so keep tuned and watch those EMA's on the shorter time frame to help you out better. If you'd like to leave a like or follow it'd be much appreciated, I'm simply but a Rock voicing what I see and can interpret in the market and explain, thank you as always and wishing well.
~ Rock '
