IMPORTANT QUICK XRP UPDATE!
💥 Hey hey, hope all is well, we're kind of in the moment with things here so gonna keep this idea real short and simple. Thanks for coming by and for reference I'll put a link, chart below for our previous idea as reference:
💥 In our previous idea we we're watching that dotted support above the 0.58 cent line as well as our 20, 50 EMA's to see if they'd converge and shocking as it is they've managed to avoid it on the hourly, that being said the 15 minute is a bit different but we'll look down below for that:
💥 Quick and basic 15 minute chart here for you guys, we see there's been a couple times where our 15, 20 EMA's have flipped but what matters here is that 200 EMA. Regardless of our 20/50 EMA's we've managed to keep above that 200 EMA overall and bulls have taken to that with this big push back up above 0.61 to where we'll now have this next pivot, fight no doubt.
💥 Definitely set an alert for 0.615 if we break that and get a possible breakout, it's definitely a possibility though I do want to caution the fact that we're pulling away a bit from our 200 EMA and that's gonna make it easier for our 20,50 EMA's to converge at some point so keep an eye on those, we're already seen what happens when we overextend, take a look at the 20th for example, we see that the EMA's we're able to flip and we got that big drop from 0.61 to 0.59 so be mindful.
💥 I have to go, busy as usual but thanks for taking the time to read through my quick update, wishing the best till next and make sure to keep tuned, thanks and have a great day!
~ Rock '
💥 In our previous idea we we're watching that dotted support above the 0.58 cent line as well as our 20, 50 EMA's to see if they'd converge and shocking as it is they've managed to avoid it on the hourly, that being said the 15 minute is a bit different but we'll look down below for that:
💥 Quick and basic 15 minute chart here for you guys, we see there's been a couple times where our 15, 20 EMA's have flipped but what matters here is that 200 EMA. Regardless of our 20/50 EMA's we've managed to keep above that 200 EMA overall and bulls have taken to that with this big push back up above 0.61 to where we'll now have this next pivot, fight no doubt.
💥 Definitely set an alert for 0.615 if we break that and get a possible breakout, it's definitely a possibility though I do want to caution the fact that we're pulling away a bit from our 200 EMA and that's gonna make it easier for our 20,50 EMA's to converge at some point so keep an eye on those, we're already seen what happens when we overextend, take a look at the 20th for example, we see that the EMA's we're able to flip and we got that big drop from 0.61 to 0.59 so be mindful.
💥 I have to go, busy as usual but thanks for taking the time to read through my quick update, wishing the best till next and make sure to keep tuned, thanks and have a great day!
~ Rock '
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