Just gonna give it simple for today but so let's just give it a go!
🔥I've kind of let you guys know for the most part already about what's up but basically we had that double top form then a neckline get broken and we've been pulled back up to that neckline however we seem to now be facing a descending trend line. I've marked it down in the blue already so you guys can just watch those marked lines to know what's up.
I've linked a chart below in line form so it's easier to comprehend and see things.
🔥XRP failed to stay above the neckline so seems we're just getting pulled down now and facing that descending trend line. That'll be the next line that will start off our next breakout most likely once we get over that. On top of those things it looks like we may be exiting that 200 EMA soon depending on whether or not that EMA can keep within the mountain or jumps off to create a mountain fall.
🔥Just watch for that stuff and how the sideways channel goes since we'll could get pulled back in and from that point on it's another tug of war and some sitting by. Strong support can also kick in though as it is already kind of looking like but in the end the EMA's will tell. 0.31 is the support line and 0.324 is the point XRP wants to face and needs to overcome first so that it can move up to 0.33 Anyway leave a like and follow if you appreciated the idea and wishing you guys a great day!
~ Rock
🔥I've kind of let you guys know for the most part already about what's up but basically we had that double top form then a neckline get broken and we've been pulled back up to that neckline however we seem to now be facing a descending trend line. I've marked it down in the blue already so you guys can just watch those marked lines to know what's up.
I've linked a chart below in line form so it's easier to comprehend and see things.
🔥XRP failed to stay above the neckline so seems we're just getting pulled down now and facing that descending trend line. That'll be the next line that will start off our next breakout most likely once we get over that. On top of those things it looks like we may be exiting that 200 EMA soon depending on whether or not that EMA can keep within the mountain or jumps off to create a mountain fall.
🔥Just watch for that stuff and how the sideways channel goes since we'll could get pulled back in and from that point on it's another tug of war and some sitting by. Strong support can also kick in though as it is already kind of looking like but in the end the EMA's will tell. 0.31 is the support line and 0.324 is the point XRP wants to face and needs to overcome first so that it can move up to 0.33 Anyway leave a like and follow if you appreciated the idea and wishing you guys a great day!
~ Rock