đ„It's been a busy day so I'm posting this idea now but even if you're reading this in the morning or in a linked idea you'll want to read this regardless so here's what to note. and thanks for tuning in!
đ„In yesterday's idea I noted that we could possibly be looking at a double top and this is gonna be real important moment as well as what happens in the next few days which will determine what happens to XRP, and the same is for Bitcoin as we already know there is a correlation between the two.
đ„Tomorrow I'll be posting the Big picture and a chart that'll be more important to us basically in terms of the overall chart and I'll likely do a video as well which will make things easier to see and understand so make sure your following and keeping posted for that. There is a lot at play right now that'll determine XRP's trajectory and show us what we may be looking at but for now I've put down those arrows to simplify things.
đ„We want to keep above the MAIN wedge of XRP and the longer we do that the more support we'll establish which could ultimately establish a new base upon which we would likely take flight up but that next resistance will be 0.365 as the chart below already demonstrates.
đ„So we're gonna follow based on that past price action with that as our resistance and honestly it is what it is, especially if we manage to get up to that and avoid falling again below our MAIN wedge bottom line we should be fine. And if we do end up falling below it, we'll need strong support, especially as those 20/50 EMA lines are already looking ready to flip again unless strong support kicks in soon. That or we may get some sideways trading action again before things get decided next so have those in mind.
đ„I'll leave the idea here for now so I don't flood you guys with stuff but make sure your following and tuned in so that you don't miss out on what lies ahead, thank you. And as always, be sure to do your proper DD before making any financial decisions and trade responsibly, not to mention always know your trading limits and what your willing to risk and lose with each and every single trade, I'll post an idea later on knowing limits and setting your risks and all so be tuned. If you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock
đ„In yesterday's idea I noted that we could possibly be looking at a double top and this is gonna be real important moment as well as what happens in the next few days which will determine what happens to XRP, and the same is for Bitcoin as we already know there is a correlation between the two.
đ„Tomorrow I'll be posting the Big picture and a chart that'll be more important to us basically in terms of the overall chart and I'll likely do a video as well which will make things easier to see and understand so make sure your following and keeping posted for that. There is a lot at play right now that'll determine XRP's trajectory and show us what we may be looking at but for now I've put down those arrows to simplify things.
đ„We want to keep above the MAIN wedge of XRP and the longer we do that the more support we'll establish which could ultimately establish a new base upon which we would likely take flight up but that next resistance will be 0.365 as the chart below already demonstrates.
đ„So we're gonna follow based on that past price action with that as our resistance and honestly it is what it is, especially if we manage to get up to that and avoid falling again below our MAIN wedge bottom line we should be fine. And if we do end up falling below it, we'll need strong support, especially as those 20/50 EMA lines are already looking ready to flip again unless strong support kicks in soon. That or we may get some sideways trading action again before things get decided next so have those in mind.
đ„I'll leave the idea here for now so I don't flood you guys with stuff but make sure your following and tuned in so that you don't miss out on what lies ahead, thank you. And as always, be sure to do your proper DD before making any financial decisions and trade responsibly, not to mention always know your trading limits and what your willing to risk and lose with each and every single trade, I'll post an idea later on knowing limits and setting your risks and all so be tuned. If you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock
