XRP NIGHT ANALYSIS!
🌧 Hey hey, thanks for tuning in, hope everyone's doing well, thought it'd be a good night for a quick night analysis so thanks for coming through, this won't take long and here's a reference, link to our previous idea:
🌧 In our last idea we already knew things we're going to get moving pretty soon thanks to that tug a war and ultimately we can see how bulls ended up winning with that one before that resistance kicked us back down at 0.65 thus prompting our fall, especially once we'd lost that 200 EMA.
🌧 That being said here's a 15 minute chart which should make things a lot clearer!
🌧 15 Minute chart makes things pretty clear, we see everything from the loss of the 200 EMA to our descending channel which we're in. Like I said in that previous idea, definitely watch those horizontal levels, can see just how crucial they've been and we may end up retesting 0.541 soon enough if we can't get out of this descending channel though that'll depend on when our 20, 50 EMA's decide to converge and bulls get their grip back.
🌧 Main thing I'll be watching for now is this descending channel and if we get a retest at 0.54 or keep above 0.55 in the least. Just looking for support right now and that being said if we can keep that then we'll get another go at facing that 0.60 cent level which continues to be a fight understandably.
🌧 I'll leave the idea here for now but I simply wanted to come through with that and share some quick thoughts and views is all, thank you for taking the time with me today as always, I appreciate you all and wish nothing but the best. Blessings till next.
~ Rock '
🌧 In our last idea we already knew things we're going to get moving pretty soon thanks to that tug a war and ultimately we can see how bulls ended up winning with that one before that resistance kicked us back down at 0.65 thus prompting our fall, especially once we'd lost that 200 EMA.
🌧 That being said here's a 15 minute chart which should make things a lot clearer!
🌧 15 Minute chart makes things pretty clear, we see everything from the loss of the 200 EMA to our descending channel which we're in. Like I said in that previous idea, definitely watch those horizontal levels, can see just how crucial they've been and we may end up retesting 0.541 soon enough if we can't get out of this descending channel though that'll depend on when our 20, 50 EMA's decide to converge and bulls get their grip back.
🌧 Main thing I'll be watching for now is this descending channel and if we get a retest at 0.54 or keep above 0.55 in the least. Just looking for support right now and that being said if we can keep that then we'll get another go at facing that 0.60 cent level which continues to be a fight understandably.
🌧 I'll leave the idea here for now but I simply wanted to come through with that and share some quick thoughts and views is all, thank you for taking the time with me today as always, I appreciate you all and wish nothing but the best. Blessings till next.
~ Rock '
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