⚡️Quick and concise yet important TA for you guys here, XRP basically is at this wedge that's formed and we're at another key point for that 200 EMA on the minute to see whether or not we hold and can continue to which we can see a breakout happen should we exit this wedge as shown below:
⚡️I'm also extending that resistance line from the previous two ideas which helps clarify price action as well, that'll be our resistance should we break out most likely. 0.487 Is our current support point which helps determine price action, we move below and out of that wedge and we'll likely have lost the 200 EMA by then on the 15 minute and face strong sell pressure.
⚡️Giving this TA before I go to sleep for a bit but those are our two scenario's we are facing as it is right now and we may still see support should we fall below our wedge by then it would have to be strong enough to pull us up and above and if enough could possibly see a real good move up as a result of the support but this is the market and we're dealing with crypto here, nobody really knows what's gonna happen next, but the best thing we can do is put up scenario's to watch for and learn how to read price action better with each and every single one!
⚡️Leaving you guys off with this for now but as always note that this isn't financial advice, I'm simply an individual that shares my opinions on what I see and perceive in price action and try to put the Lego's together you could say to understand and hopefully figure out things ahead. I enjoy dealing with the market and at the end of the day things work out as I always say. Always be sure to do your proper DD and share any comments below if you'd like, always appreciate comments and while I understand I am not perfect, I'm always here to listen and if you ever have any ideas or suggestions feel free to DM me to we can chat and I can get more depth on stuff! Have a great day as always! If you'd like to leave a like or follow, it'd be much appreciated but you already know me, simply doing what I can and improving idea by idea.
~ Rock '
⚡️I'm also extending that resistance line from the previous two ideas which helps clarify price action as well, that'll be our resistance should we break out most likely. 0.487 Is our current support point which helps determine price action, we move below and out of that wedge and we'll likely have lost the 200 EMA by then on the 15 minute and face strong sell pressure.
⚡️Giving this TA before I go to sleep for a bit but those are our two scenario's we are facing as it is right now and we may still see support should we fall below our wedge by then it would have to be strong enough to pull us up and above and if enough could possibly see a real good move up as a result of the support but this is the market and we're dealing with crypto here, nobody really knows what's gonna happen next, but the best thing we can do is put up scenario's to watch for and learn how to read price action better with each and every single one!
⚡️Leaving you guys off with this for now but as always note that this isn't financial advice, I'm simply an individual that shares my opinions on what I see and perceive in price action and try to put the Lego's together you could say to understand and hopefully figure out things ahead. I enjoy dealing with the market and at the end of the day things work out as I always say. Always be sure to do your proper DD and share any comments below if you'd like, always appreciate comments and while I understand I am not perfect, I'm always here to listen and if you ever have any ideas or suggestions feel free to DM me to we can chat and I can get more depth on stuff! Have a great day as always! If you'd like to leave a like or follow, it'd be much appreciated but you already know me, simply doing what I can and improving idea by idea.
~ Rock '
