⚡️XRP WHAT'S UP! HEAD AND SHOULDERS!⚡️
⚡️Quick TA here but yesterday we pointed out that falling wedge which XRP was dealing with and made a note that we could likely see a breakout should we exit the wedge which we did. That led us up to 0.335 which was our peak but also was our peak for the head and shoulders pattern which appeared. For those that aren't aware of what a head and shoulders is, it's basically a bearish pattern that shows weak price action and when you've had a move like XRP and Bitcoin did, that can be pretty pertinent to stuff so traders took notice and sold.
⚡️That's why we had that dramatic sell after the head and shoulders formed, because traders exited once that pattern was confirmed. Something important to note right now though is that once that selling basically stopped, we found that support at 0.325 and have moved up from there with 0.33 being our current resistance basically.
⚡️We'll need to push through that as well as our resistance points on the head and shoulders before coming head to head with 0.335 which is gonna be one of our stronger resistance points no doubt but I'm happy to see us out of the falling wedge, it puts a lot at ease but we've still got a hell of a fight ahead of us. Also important to note is the absolutely insane volume going on right now, bulls are having a hell of a fight right now no doubt.
⚡️If you'd like to leave a like or follow it'd be much appreciated, simply doing what I can everyday to get these ideas up to you guys and keep you posted, it's been a hell of a week but even so I continue to post for you guys. And above all else, always be sure to give whatever you do, everything you've got and persist no matter what, things always work out at the end of the day. Be sure to do your proper DD before making any financial decisions and trade responsibly! Thank you.
~ Rock '
⚡️That's why we had that dramatic sell after the head and shoulders formed, because traders exited once that pattern was confirmed. Something important to note right now though is that once that selling basically stopped, we found that support at 0.325 and have moved up from there with 0.33 being our current resistance basically.
⚡️We'll need to push through that as well as our resistance points on the head and shoulders before coming head to head with 0.335 which is gonna be one of our stronger resistance points no doubt but I'm happy to see us out of the falling wedge, it puts a lot at ease but we've still got a hell of a fight ahead of us. Also important to note is the absolutely insane volume going on right now, bulls are having a hell of a fight right now no doubt.
⚡️If you'd like to leave a like or follow it'd be much appreciated, simply doing what I can everyday to get these ideas up to you guys and keep you posted, it's been a hell of a week but even so I continue to post for you guys. And above all else, always be sure to give whatever you do, everything you've got and persist no matter what, things always work out at the end of the day. Be sure to do your proper DD before making any financial decisions and trade responsibly! Thank you.
~ Rock '
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