🧊 Alright so we're gonna dive in real quick with this early afternoon follow up for you guys following back from yesterday's posting by which we noted that XRP was at it's Ice sheet and facing the strong resistance or/Ice layer as we called it.
🧊 We just barely managed to break above my resistance line hitting our 0.396 resistance mark before we started to retrace to due a lack of a breakout or buying power and you can see just how that 200 EMA was lost rather quick and fell which brings us to the next chart below. Here's the look on the 5 minute scale for XRP.
🧊 The chart shows in pretty simple detail our rejection and the fall that followed after which has brought us to the next note we had to watch for which was 0.385. In the last idea I noted that 0.385 was a support but nothing too solid since we'd only tested it once and that was when we we're about to lose the 200 EMA so it was rough to determine that as one.
🧊 Here's where we'll have that next retest of 0.385 and whether or not we fall or hold below, even possibly trade sideways this is a good point to watch and mark for future use if it does prove to be a strong support point. Now whether or not we'll hold the 'fortress' or continue falling to my next main marking will have to be seen but definitely keep an eye out.
🧊 If I don't get the chance to post and we end up pulling up strong and quick then watch for my resistance angle marking in the blue line which again we'll keep calling the 'Ice' for resistance or a breakout so keep note of that please. I'll end things here since I just got up and kind of want my breakfast but if you liked my observation or would like to leave a like and follow it'd be much appreciated as always, thank you!
~ Rock '
Below is yesterday's posting if you'd like to read up on what we noted yesterday.
🧊 We just barely managed to break above my resistance line hitting our 0.396 resistance mark before we started to retrace to due a lack of a breakout or buying power and you can see just how that 200 EMA was lost rather quick and fell which brings us to the next chart below. Here's the look on the 5 minute scale for XRP.
🧊 The chart shows in pretty simple detail our rejection and the fall that followed after which has brought us to the next note we had to watch for which was 0.385. In the last idea I noted that 0.385 was a support but nothing too solid since we'd only tested it once and that was when we we're about to lose the 200 EMA so it was rough to determine that as one.
🧊 Here's where we'll have that next retest of 0.385 and whether or not we fall or hold below, even possibly trade sideways this is a good point to watch and mark for future use if it does prove to be a strong support point. Now whether or not we'll hold the 'fortress' or continue falling to my next main marking will have to be seen but definitely keep an eye out.
🧊 If I don't get the chance to post and we end up pulling up strong and quick then watch for my resistance angle marking in the blue line which again we'll keep calling the 'Ice' for resistance or a breakout so keep note of that please. I'll end things here since I just got up and kind of want my breakfast but if you liked my observation or would like to leave a like and follow it'd be much appreciated as always, thank you!
~ Rock '
Below is yesterday's posting if you'd like to read up on what we noted yesterday.
