Hey guys! You already know!
⚡️Let's just get into this real quick, basically XRP has been trading within this tug a war between whales and bulls. And it looks pretty odd to be honest, you got these EMA's flipping all over the place and mountain's falling usch as the current one that's just happened. I've added the minute chart to give an easier perspective. You can see in that itself the pull that we've gotten as we pulled below that 30 RSI pulling us back up real quick.
⚡️The 200 week EMA in black makes it pretty simple to see those mountain falls and those mountain entries. Whenever our EMA's leave those mountains the drop becomes pretty big. But once the 200 week EMA starts to really fall off the mountain you can see just how dramatic the drop gets such as in that first mountain drop encircled. It wasn't necessarily that bad of a drop till the 200 EMA joined the chat. And it's exactly vice versa. When that 200 week EMA really enters the mountain we get those huge movements!
⚡️Basically thanks to our most recent 200 week EMA entry we saw this massive rally send us 13%+ in basically in just a day! That was amazing and all but now I just want to make you guys aware that we could always see the very opposite happen! Just like what you see on the minute chart which looks dramatic enough, that's only the minute chart. When the 200 EMA gets crossed and falls off the mountain on the 15 minute chart you best bet it's gonna be a hefty move in the least. That's my point basically, just like the fact that the EMA brought us up with this massive rally, it can just as easily bring us down. So you guys should really watch those EMA's.
⚡️My next thing is that there has already been an attempt to do this by a whale or few. I've put a yellow box around the part on the chart where it happened. If you look you can basically see a whale dumped and brought us below that 200 EMA basically perfectly, however that was then met with real strong buy pressure which was able to help propel XRP back up once it crossed back above that 200 EMA. So basically, whales wait for that right moment to use their influence to get the most price sway and that can only happen when our mountain is real close to the 200 EMA since they only have to sell about a couple hundred thousand to bring the crypto below 200 EMA by which then bears and the market takes control at that point since it get's scared. So watch out because considering we seem to be getting real close to that 200 EMA they could try again and it could be a bit rough if it does stick below that EMA so watch!
⚡️This isn't me telling you guys we're gonna just drop and fall but considering how stuff has been, it definitely could be and this could be whales waiting for those Futures positions to build up before simply dumping on them like they usually do. It's always a fight but right now this tug of war between both sides is getting pretty intense one way or another.
Thank you guys and hope you guys are doing well today, thank you! If you'd like to leave a like or follow it'd be much appreciated!
~ Rock
⚡️Let's just get into this real quick, basically XRP has been trading within this tug a war between whales and bulls. And it looks pretty odd to be honest, you got these EMA's flipping all over the place and mountain's falling usch as the current one that's just happened. I've added the minute chart to give an easier perspective. You can see in that itself the pull that we've gotten as we pulled below that 30 RSI pulling us back up real quick.
⚡️The 200 week EMA in black makes it pretty simple to see those mountain falls and those mountain entries. Whenever our EMA's leave those mountains the drop becomes pretty big. But once the 200 week EMA starts to really fall off the mountain you can see just how dramatic the drop gets such as in that first mountain drop encircled. It wasn't necessarily that bad of a drop till the 200 EMA joined the chat. And it's exactly vice versa. When that 200 week EMA really enters the mountain we get those huge movements!
⚡️Basically thanks to our most recent 200 week EMA entry we saw this massive rally send us 13%+ in basically in just a day! That was amazing and all but now I just want to make you guys aware that we could always see the very opposite happen! Just like what you see on the minute chart which looks dramatic enough, that's only the minute chart. When the 200 EMA gets crossed and falls off the mountain on the 15 minute chart you best bet it's gonna be a hefty move in the least. That's my point basically, just like the fact that the EMA brought us up with this massive rally, it can just as easily bring us down. So you guys should really watch those EMA's.
⚡️My next thing is that there has already been an attempt to do this by a whale or few. I've put a yellow box around the part on the chart where it happened. If you look you can basically see a whale dumped and brought us below that 200 EMA basically perfectly, however that was then met with real strong buy pressure which was able to help propel XRP back up once it crossed back above that 200 EMA. So basically, whales wait for that right moment to use their influence to get the most price sway and that can only happen when our mountain is real close to the 200 EMA since they only have to sell about a couple hundred thousand to bring the crypto below 200 EMA by which then bears and the market takes control at that point since it get's scared. So watch out because considering we seem to be getting real close to that 200 EMA they could try again and it could be a bit rough if it does stick below that EMA so watch!
Thank you guys and hope you guys are doing well today, thank you! If you'd like to leave a like or follow it'd be much appreciated!
~ Rock
