⚡️ XRP FINDS SUPPORT! READ TA ⚡️
⚡️ Hope this quick idea find's everyone well today! Just wanted to get something quick out today since we haven't had much happen but the chart has spoken for itself as always! From the above we can see what's progressed since yesterday's write up.
⚡️ XRP failed to regain it's 200 EMA for a sustained period before hitting our 0.50 dotted point/level of resistance and promptly falling again by which it then broke below 0.492 after some nominal support by which then we slipped to my next horizontal level of 0.485 before promptly finding support and rebounding to regain our 200 EMA. Basically we fell onto a trampoline and bounced back up.
⚡️ For now we can see that 0.50 resistance point is still kicking us so we'll need to break that to see some form of a breakout and we'll need to keep this 200 EMA within our hold and regain it on the 30 minute timeframe. But in the least we're back within the channel that I talked about yesterday. Here's yesterday's chart:
⚡️ And now here's today's chart:
⚡️ Can clearly see the development we've had and how these horizontal levels which I've had have continued to put in the work. Happy with it but amongst all happy to see XRP managing to keep above 0.45 still a few weeks strong now. Anyway watch for that 200 EMA and this channel. Just like I said yesterday, we fall below the channel and we go down and above we climb simply.
⚡️ As always I appreciate you guys tuning in and taking the time to read this even if it is a brief glance or look, and any likes or follow's always help me out and support me in my ongoing endeavor to push myself everyday. Thank you and wishing all the best.
~ Rock '
⚡️ XRP failed to regain it's 200 EMA for a sustained period before hitting our 0.50 dotted point/level of resistance and promptly falling again by which it then broke below 0.492 after some nominal support by which then we slipped to my next horizontal level of 0.485 before promptly finding support and rebounding to regain our 200 EMA. Basically we fell onto a trampoline and bounced back up.
⚡️ For now we can see that 0.50 resistance point is still kicking us so we'll need to break that to see some form of a breakout and we'll need to keep this 200 EMA within our hold and regain it on the 30 minute timeframe. But in the least we're back within the channel that I talked about yesterday. Here's yesterday's chart:
⚡️ And now here's today's chart:
⚡️ Can clearly see the development we've had and how these horizontal levels which I've had have continued to put in the work. Happy with it but amongst all happy to see XRP managing to keep above 0.45 still a few weeks strong now. Anyway watch for that 200 EMA and this channel. Just like I said yesterday, we fall below the channel and we go down and above we climb simply.
⚡️ As always I appreciate you guys tuning in and taking the time to read this even if it is a brief glance or look, and any likes or follow's always help me out and support me in my ongoing endeavor to push myself everyday. Thank you and wishing all the best.
~ Rock '
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