Hey guys! Just got off work so we're gonna give you that down low and real quick morning TA you guys love to see!
💥We already let you guys know for the most part in the last idea and basically XRP faced that resistance point of 0.329 and we saw what happened after with the crypto getting pulled back down and forming a double top by which then we fell more and broke that neckline and now we're back in the sideways channel as a result. Happy to see our markings work out well to show the direction as always and letting you guys know now that the next point to watch is 0.315 as that's our next neck on the mountain.
We fall below that point and it could perhaps bring us out and below that sideways channel which would likely result in more bearish movement but we also have been seeing a lot of support kick in so it'd be nice to see those EMA's flip back. I let you guys know about that anyway ahead of a possible move like this following the impulse rally up in the previous idea so if you'd like to give that a like or read as well the TA is linked below, thanks!
💥So you guys got that to watch for now as well as those HTF levels with the next one being below 0.314 which makes sense considering it's below the neckline so it's understandable for a large volume of those stop loss/sell orders and a possible further move down without support. But that's what to watch if we do end up moving down to that point most definitely.
I'm gonna leave the idea here for now but thank you for taking the time to read and stay tuned and I hope you guys have an absolutely wonderful day! If you'd like to leave a like and follow it'd be much appreciated, even if you're just glancing every like helps and I always give my best to these ideas! Thank you.
~ Rock
💥We already let you guys know for the most part in the last idea and basically XRP faced that resistance point of 0.329 and we saw what happened after with the crypto getting pulled back down and forming a double top by which then we fell more and broke that neckline and now we're back in the sideways channel as a result. Happy to see our markings work out well to show the direction as always and letting you guys know now that the next point to watch is 0.315 as that's our next neck on the mountain.
We fall below that point and it could perhaps bring us out and below that sideways channel which would likely result in more bearish movement but we also have been seeing a lot of support kick in so it'd be nice to see those EMA's flip back. I let you guys know about that anyway ahead of a possible move like this following the impulse rally up in the previous idea so if you'd like to give that a like or read as well the TA is linked below, thanks!
💥So you guys got that to watch for now as well as those HTF levels with the next one being below 0.314 which makes sense considering it's below the neckline so it's understandable for a large volume of those stop loss/sell orders and a possible further move down without support. But that's what to watch if we do end up moving down to that point most definitely.
I'm gonna leave the idea here for now but thank you for taking the time to read and stay tuned and I hope you guys have an absolutely wonderful day! If you'd like to leave a like and follow it'd be much appreciated, even if you're just glancing every like helps and I always give my best to these ideas! Thank you.
~ Rock
