💡 XRP WHAT TO WATCH FOR NOW! 💡 DAILY ANALYSIS 6.8.22
Hey! Please support me with a like and comment or follow as it supports me in doing what I can and giving the best stuff you guys need, when you need it. In yesterday's latest Idea we posted at the peak of that rally I noted that it wasn't a good buy point and we'd likely see a fall precede first before moving back up and that's exactly what happened.
💡The crypto fell from 0.41 - 0.395 before finding support again at 0.395 marking twice that the major crypto was hit with support with is a good positive to see! It just barely managed to stay above that sideways channel which would have made things a bit choppy but nonetheless the crypto pushed and thanks to that we're seeing the kind of support we love!
💡One of the biggest factors now to take into account is simply gonna be Bitcoin. On bitcoin we can see just how insane the volatility is. It's literally getting as manipulated as manipulation gets, and I'll do a post after this on that too just to show you guys what's up with that but whether or not it's whale accumulation or MM's making bread they are manipulating it heavy in hopes of causing a big move soon enough. I'm personally looking at a shift finally to some good numbers soon enough within the month if we can keep doing well on support for Bitcoin. XRP in general isn't a bad purchase right now in general either if it can sustain support and not fall below that sideways channel again let alone enter our descending channel.
💡I did put a short trend line (in orange) that is starting to form and that's gonna be our next notification basically. If we lose momentum and break below that line it'll likely be a mountain fall or we'll see a drop in some capacity at least to that sideways channel without strong support coming in so keep note of that new line we've got up and watch for 0.40. As we ascend that 0.40 cents is gonna be a crucial support we want to break to really see some good movement but likely we're gonna see some strong resistance kick in there so keep note for all that and if we do break 0.40 you can damn well expect I'll be making an idea soon after that.
Thank you as always and again please leave a like and follow/comment as it always supports me and just helps me to keep doing what I love! Thank you and have an amazing day.
~ Rock
💡The crypto fell from 0.41 - 0.395 before finding support again at 0.395 marking twice that the major crypto was hit with support with is a good positive to see! It just barely managed to stay above that sideways channel which would have made things a bit choppy but nonetheless the crypto pushed and thanks to that we're seeing the kind of support we love!
💡One of the biggest factors now to take into account is simply gonna be Bitcoin. On bitcoin we can see just how insane the volatility is. It's literally getting as manipulated as manipulation gets, and I'll do a post after this on that too just to show you guys what's up with that but whether or not it's whale accumulation or MM's making bread they are manipulating it heavy in hopes of causing a big move soon enough. I'm personally looking at a shift finally to some good numbers soon enough within the month if we can keep doing well on support for Bitcoin. XRP in general isn't a bad purchase right now in general either if it can sustain support and not fall below that sideways channel again let alone enter our descending channel.
💡I did put a short trend line (in orange) that is starting to form and that's gonna be our next notification basically. If we lose momentum and break below that line it'll likely be a mountain fall or we'll see a drop in some capacity at least to that sideways channel without strong support coming in so keep note of that new line we've got up and watch for 0.40. As we ascend that 0.40 cents is gonna be a crucial support we want to break to really see some good movement but likely we're gonna see some strong resistance kick in there so keep note for all that and if we do break 0.40 you can damn well expect I'll be making an idea soon after that.
Thank you as always and again please leave a like and follow/comment as it always supports me and just helps me to keep doing what I love! Thank you and have an amazing day.
~ Rock
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