âĄïžHey guys! hope everyone's doing well today, here to give you that important ta so make sure to read and keep tuned, thank you!
âĄïžTo start off, XRP is basically doing it's best to reenter that wedge that it's started to lose and now is doing it's best to regain that, on top of that we've got the 200 EMA entry going on right now which is positive, not to mention we found support twice at about 0.3340 using that as a catalyst for the pull up we've done since then. Here's the wedge below for that big picture look:
âĄïžAs you can see we are at the very edge of the wedge and we haven't formed a solid fall below, but we haven't formed a solid move up, so right now we're in this tug a war on the line as both sides battle it out trying to get their edge up on the game. And here below is a chart demonstrating the 200 EMA entry we've got going on right now.
âĄïžThat should show you enough as it is, when we enter the 200 EMA we rise, when we lose the 200 EMA we fall, and vice versa, though it should be noted that EMA's are lagging indicators and the best ones for the short term are the 20/50 EMA's in red and blue. I've encircled the EMA entry and exits so that should help at least a bit but basically you guys should keep note of those EMA's as it's important now that we hold onto the 200 EMA and don't have another mountain exit.
âĄïžHere's a chart showing the bottom of the Wedge on a shorter time frame.
The chart clearly shows how we've been dealing with this sort of tug a war type of pattern and right now XRP needs to catch that 200 EMA at whatever costs.
âĄïžTo start off, if it doesn't, then that's a double top, and the move down could be enough to send us sinking for a bit or at least have our ship taking on some water, especially since this would be the third move down and the third move since the 20th and the third move is usually the strongest as it's given traders enough of an indication as to which direction things may be heading. So we NEED that 200 EMA to catch right now, we absolutely need it.
âĄïžGonna leave the idea here for now but wanted to keep you guys posted on that and make you aware of what we've got going on and are watching, thank you guys. If you'd like to leave a like or follow it'd be much appreciated. Simply doing what I love and trying to help others out, thank you.
~ Rock '
âĄïžTo start off, XRP is basically doing it's best to reenter that wedge that it's started to lose and now is doing it's best to regain that, on top of that we've got the 200 EMA entry going on right now which is positive, not to mention we found support twice at about 0.3340 using that as a catalyst for the pull up we've done since then. Here's the wedge below for that big picture look:
âĄïžAs you can see we are at the very edge of the wedge and we haven't formed a solid fall below, but we haven't formed a solid move up, so right now we're in this tug a war on the line as both sides battle it out trying to get their edge up on the game. And here below is a chart demonstrating the 200 EMA entry we've got going on right now.
âĄïžThat should show you enough as it is, when we enter the 200 EMA we rise, when we lose the 200 EMA we fall, and vice versa, though it should be noted that EMA's are lagging indicators and the best ones for the short term are the 20/50 EMA's in red and blue. I've encircled the EMA entry and exits so that should help at least a bit but basically you guys should keep note of those EMA's as it's important now that we hold onto the 200 EMA and don't have another mountain exit.
âĄïžHere's a chart showing the bottom of the Wedge on a shorter time frame.
âĄïžTo start off, if it doesn't, then that's a double top, and the move down could be enough to send us sinking for a bit or at least have our ship taking on some water, especially since this would be the third move down and the third move since the 20th and the third move is usually the strongest as it's given traders enough of an indication as to which direction things may be heading. So we NEED that 200 EMA to catch right now, we absolutely need it.
âĄïžGonna leave the idea here for now but wanted to keep you guys posted on that and make you aware of what we've got going on and are watching, thank you guys. If you'd like to leave a like or follow it'd be much appreciated. Simply doing what I love and trying to help others out, thank you.
~ Rock '
