⚡ XRP FALLS BACK BELOW. QUICK TA ⚡
⚡ Thanks for joining me ladies and gentlemen, today's idea is gonna be pretty clear cut and quick so let's not waste any more time.
⚡ XRP fell back below the main diagonal resistance we added just a few days ago and tumbled back down like I said would most likely happen if we did end up falling below. While that hasn't been too great it's just the market doing it's thing and what matters is that XRP has managed to keep above that 0.62 threshold managing to hold the line in a sense.
⚡ And for anyone interested here's last night's chart I saved just before going to bed, this was nearly 12pm so overnight when trading volume dropped bears took the opportunity and sent us back down the diagonal with a semi-big sell order dropping things.
⚡ That was basically all that was needed and what immediately followed was the tumble back down with another big sell order/set of orders, stop loss orders, etc. Wasn't able to post at night since I was going to bed but wanted to at least save the chart and see what the progression would be in the morning which we now see as having found support above 0.62 thankfully.
⚡ We basically lost our duel again with our main foe here but at one point or another we're gonna beat the hell out of him and move on by, I don't doubt that. First of all though we need bitcoin to break back to 30k, Bitcoin made a push to it last night before failing and falling back to $29,300-400 level's as of currently dragging much of the market down with it. That alongside the SPX continuing to fall today and stocks moving rather sluggish signals to me that traders are sort of in a zone of hesitation, fear which is understandable.
⚡ I have to go attend to something personal but wanted to get this quick idea out in the least, target is to stay above 0.62 and there is no direction, just up is the hope but below 0.62 we likely fall more to 0.61 or 0.60. Feel free to set some alerts if you'd like ofc there. And as always feel free to leave a like and follow, never hurts and simply helps me out, thank you.
~ Rock '
⚡ XRP fell back below the main diagonal resistance we added just a few days ago and tumbled back down like I said would most likely happen if we did end up falling below. While that hasn't been too great it's just the market doing it's thing and what matters is that XRP has managed to keep above that 0.62 threshold managing to hold the line in a sense.
⚡ And for anyone interested here's last night's chart I saved just before going to bed, this was nearly 12pm so overnight when trading volume dropped bears took the opportunity and sent us back down the diagonal with a semi-big sell order dropping things.
⚡ That was basically all that was needed and what immediately followed was the tumble back down with another big sell order/set of orders, stop loss orders, etc. Wasn't able to post at night since I was going to bed but wanted to at least save the chart and see what the progression would be in the morning which we now see as having found support above 0.62 thankfully.
⚡ We basically lost our duel again with our main foe here but at one point or another we're gonna beat the hell out of him and move on by, I don't doubt that. First of all though we need bitcoin to break back to 30k, Bitcoin made a push to it last night before failing and falling back to $29,300-400 level's as of currently dragging much of the market down with it. That alongside the SPX continuing to fall today and stocks moving rather sluggish signals to me that traders are sort of in a zone of hesitation, fear which is understandable.
⚡ I have to go attend to something personal but wanted to get this quick idea out in the least, target is to stay above 0.62 and there is no direction, just up is the hope but below 0.62 we likely fall more to 0.61 or 0.60. Feel free to set some alerts if you'd like ofc there. And as always feel free to leave a like and follow, never hurts and simply helps me out, thank you.
~ Rock '
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