Alright, so this idea is gonna be real short but quick since it's pretty simple to see what's up and I'm just gonna give you what's needed right now.
⚡️XRP has been bouncing off that 0.36 point mark much like a ship does on the ocean's waves simply bowing it's stern with each and every single wave as it progresses forth. So that's great to see but so far we've still been kept below our resistance line. That is until yesterday when we pushed up to 0.37 and broke above it for a bit before being pulled down and now having this fight over whether or not we'll exit once more or be pulled again.
⚡️This one is important since at the point we're at right now we've lost both that 200 EMA. Not only that but we have our 20/50 EMA points ever so slightly looking like they are bending towards that point of falling below our 200 EMA by which point as we've seen time and time again usually is the start of a rather large descent. That'll likely be the case should we fall below that 200 EMA with those two but while that's one possibility. This is also an important point as support kicking in here would push us above that resistance line, likely cause our 20/50 EMA's to flip should we gain enough support up, and in turn would most likely have us seeing that 200 EMA reenter the mountain again pushing us back on track to move back up.
⚡️That's why this is such an important point right now, I've been watching the chart for most of the day and was waiting for a moment like this to post so that I could gauge some things but those are our two possibilities so I hope that helps you guys figure things and know what to watch now!
Thank you so much for taking the time to read my idea and tune in, if you'd like to leave a like or follow it'd be much appreciated! Simply doing what I love!
~ Rock '
⚡️XRP has been bouncing off that 0.36 point mark much like a ship does on the ocean's waves simply bowing it's stern with each and every single wave as it progresses forth. So that's great to see but so far we've still been kept below our resistance line. That is until yesterday when we pushed up to 0.37 and broke above it for a bit before being pulled down and now having this fight over whether or not we'll exit once more or be pulled again.
⚡️This one is important since at the point we're at right now we've lost both that 200 EMA. Not only that but we have our 20/50 EMA points ever so slightly looking like they are bending towards that point of falling below our 200 EMA by which point as we've seen time and time again usually is the start of a rather large descent. That'll likely be the case should we fall below that 200 EMA with those two but while that's one possibility. This is also an important point as support kicking in here would push us above that resistance line, likely cause our 20/50 EMA's to flip should we gain enough support up, and in turn would most likely have us seeing that 200 EMA reenter the mountain again pushing us back on track to move back up.
⚡️That's why this is such an important point right now, I've been watching the chart for most of the day and was waiting for a moment like this to post so that I could gauge some things but those are our two possibilities so I hope that helps you guys figure things and know what to watch now!
Thank you so much for taking the time to read my idea and tune in, if you'd like to leave a like or follow it'd be much appreciated! Simply doing what I love!
~ Rock '
