💥 XRP SLIDES! URGENT READ! 💥
💥 Before I start just want to give my thanks as always to you ladies and gentlemen for giving me the chance to share some of my insights on things as always from day to day simply doing my best to share what I can and see. So thanks and the likes and follow's are appreciated as always.
💥 Admittedly not the best feeling looking at XRP right now but it's not exactly a surprise either, I've been saying this the past few idea's and for those that have kept up to date you've already been aware. We knew that if we fell below the channel we'd slide and above we'd breakout. In this instance we simply fell below after failing to breach that 0.485 resistance.
💥 Here's the 5 minute chart below for a better idea of what's going on with some annotations I've added. And also, the horizontal level of 0.47421 is not new at all. It's just one of my many level's I've added and had for a couple weeks now but continues to do the job. Why I still like to say if I'm ever not around, simply pay mind to my chart and hit that play button. It'll still put in the work.
💥 As of now seems like price is rebounding and has found support at 0.47421 which is understandable after a big drop like this but you'll need to pay attention to that New descending channel which I've highlighted in the black dotted line and annotated. There's no doubt that we'll face resistance at the top level of the descending channel but it's gonna have to happen one way or another.
💥 I expect some retests at this horizontal level but keep mind. We slip below this and my next horizontal level isn't until 0.465. Here's the chart displaying my level's below for reference should you guys need or like to add to your own charts!
💥 To put it simply we fall below and be ready for a rough ride, but if we find support and manage to break out and above the descending channel that we're stuck in then we'll be treading in some dangerous waters, but it's better than the shark infested level below 0.47420 so let's keep that in mind.
💥 I know you guys like the concise idea's and it's Monday so I'll end things here, but definitely keep an eye at this level as it's real important for what'll play out next and whether or not we continue down with this descending channel or can break out.
💥 As always feel free to leave a like and follow so that you can keep tuned on my updates for all of you ladies and gentlemen and thanks for giving me a piece of your day and some time, really means a lot. Wishing all the best, we'll get through things.
~ Rock '
💥 Admittedly not the best feeling looking at XRP right now but it's not exactly a surprise either, I've been saying this the past few idea's and for those that have kept up to date you've already been aware. We knew that if we fell below the channel we'd slide and above we'd breakout. In this instance we simply fell below after failing to breach that 0.485 resistance.
💥 Here's the 5 minute chart below for a better idea of what's going on with some annotations I've added. And also, the horizontal level of 0.47421 is not new at all. It's just one of my many level's I've added and had for a couple weeks now but continues to do the job. Why I still like to say if I'm ever not around, simply pay mind to my chart and hit that play button. It'll still put in the work.
💥 As of now seems like price is rebounding and has found support at 0.47421 which is understandable after a big drop like this but you'll need to pay attention to that New descending channel which I've highlighted in the black dotted line and annotated. There's no doubt that we'll face resistance at the top level of the descending channel but it's gonna have to happen one way or another.
💥 I expect some retests at this horizontal level but keep mind. We slip below this and my next horizontal level isn't until 0.465. Here's the chart displaying my level's below for reference should you guys need or like to add to your own charts!
💥 To put it simply we fall below and be ready for a rough ride, but if we find support and manage to break out and above the descending channel that we're stuck in then we'll be treading in some dangerous waters, but it's better than the shark infested level below 0.47420 so let's keep that in mind.
💥 I know you guys like the concise idea's and it's Monday so I'll end things here, but definitely keep an eye at this level as it's real important for what'll play out next and whether or not we continue down with this descending channel or can break out.
💥 As always feel free to leave a like and follow so that you can keep tuned on my updates for all of you ladies and gentlemen and thanks for giving me a piece of your day and some time, really means a lot. Wishing all the best, we'll get through things.
~ Rock '
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.