⚡️Alright we're just gonna go and give this TA a good go as usual. And as always thanks for tuning in! It's been busy as you already know so I'm just happy to get the chance to post for you guys and I'll try to keep this short and simple.
⚡️XRP was treading water within our channel between 0.38 and 0.396. We can see how on the 8th that push to break 0.39 failed and with it we saw the 200 EMA get lost shortly after bringing us to where we are right now trying to regain 0.38 after having fallen below that mark of support.
⚡️That in itself is not much TA and is more of an analysis of what's happened but Technical wise we can see this wedge of resistance that's seemed to have formed. I have placed those new indicators in the blue lines and marked the wedge to make things simple and if you look you can see what I'm looking at. It's acted as support a few times already but also as a resistance towards that top edge so that'll lead up to today's mark.
⚡️Today it's looking like our chart is trying to exit that resistance wedge and beak out should that happen, if not we'll likely be pulled back in and we could see some lower digits in the coming hours but it is looking like we're making good progress on leaving that wedge though nothing can be confirmed until we really break away and above that 0.38 mark. So now we've got both scenario's with one pulling us up and the other setting us up for another leg down.
⚡️Like I said I'd try to keep today's TA short and simple but thank you for tuning in overall. I really do appreciate you guys taking the time to tune in and bearing with me during this busy month. The posting may not be frequent as I like but once December is over just know the post's are gonna pick up crazy! Thanks for tuning in and if you'd like to leave a like or follow it'd be much appreciated, thanks so much and have a wonderful day.
~ Rock '
⚡️XRP was treading water within our channel between 0.38 and 0.396. We can see how on the 8th that push to break 0.39 failed and with it we saw the 200 EMA get lost shortly after bringing us to where we are right now trying to regain 0.38 after having fallen below that mark of support.
⚡️That in itself is not much TA and is more of an analysis of what's happened but Technical wise we can see this wedge of resistance that's seemed to have formed. I have placed those new indicators in the blue lines and marked the wedge to make things simple and if you look you can see what I'm looking at. It's acted as support a few times already but also as a resistance towards that top edge so that'll lead up to today's mark.
⚡️Today it's looking like our chart is trying to exit that resistance wedge and beak out should that happen, if not we'll likely be pulled back in and we could see some lower digits in the coming hours but it is looking like we're making good progress on leaving that wedge though nothing can be confirmed until we really break away and above that 0.38 mark. So now we've got both scenario's with one pulling us up and the other setting us up for another leg down.
⚡️Like I said I'd try to keep today's TA short and simple but thank you for tuning in overall. I really do appreciate you guys taking the time to tune in and bearing with me during this busy month. The posting may not be frequent as I like but once December is over just know the post's are gonna pick up crazy! Thanks for tuning in and if you'd like to leave a like or follow it'd be much appreciated, thanks so much and have a wonderful day.
~ Rock '
