🛑 XRP SELL OFF! 🛑
⚡️Quick XRP TA for you guys here! In our recent Idea's we've had a few scenario's for you guys and one of those was the chances of facing a sell off or mountain fall should we fall below that MAIN WEDGE which has happened. That alongside the CPI, Inflation data which came out today and has pummeled the market definitely hasn't helped and has hit us alongside the market hard.
⚡️For now I'm gonna keep it simple and say you guys will want to watch for my markings to see whether or not we hit that 0.30 point again which we mainly want to avoid as it'll make things drastically harder to move up and regain support for a while. It'll basically just set us back so the best hope now is that support is found and we stay above 0.339 which seems to be our support right now so put an alert for 0.338!
⚡️Also to watch should be those EMA's on the shorter time frame which will impact us as it's already shown! If we look at the chart we can see there was that tug a war/sideways trading going on before this happen just as our arrows had been presenting in the previous idea our chart has followed likewise. I've encircled the start of that mountain fall as those EMA's flipped and we lost that 200 EMA as shown below demonstrating why it's so important, even on the lower time frame!
https://www.tradingview.com/x/x29FVA7j/
https://www.tradingview.com/x/sl3sRGIt/
I'll update you guys later on things but right now we just want support to build above 0.339 and keep us from falling further else we could be looking at 0.30 again real soon. So just giving you guys things as I see it so hope that helps you guys getting an idea of what's going on and happened, though if you've already been following and reading my ideas then you already knew to expect this and what we we're facing. If you'd like to leave a like or follow it'd be much appreciated as always! Once again off a tiring and long overnight shift but still I always make a point to post for you guys. Gonna catch some sleep now but I'll post again once up later, thanks and keep tuned!
~ Rock '
⚡️For now I'm gonna keep it simple and say you guys will want to watch for my markings to see whether or not we hit that 0.30 point again which we mainly want to avoid as it'll make things drastically harder to move up and regain support for a while. It'll basically just set us back so the best hope now is that support is found and we stay above 0.339 which seems to be our support right now so put an alert for 0.338!
⚡️Also to watch should be those EMA's on the shorter time frame which will impact us as it's already shown! If we look at the chart we can see there was that tug a war/sideways trading going on before this happen just as our arrows had been presenting in the previous idea our chart has followed likewise. I've encircled the start of that mountain fall as those EMA's flipped and we lost that 200 EMA as shown below demonstrating why it's so important, even on the lower time frame!
https://www.tradingview.com/x/x29FVA7j/
https://www.tradingview.com/x/sl3sRGIt/
I'll update you guys later on things but right now we just want support to build above 0.339 and keep us from falling further else we could be looking at 0.30 again real soon. So just giving you guys things as I see it so hope that helps you guys getting an idea of what's going on and happened, though if you've already been following and reading my ideas then you already knew to expect this and what we we're facing. If you'd like to leave a like or follow it'd be much appreciated as always! Once again off a tiring and long overnight shift but still I always make a point to post for you guys. Gonna catch some sleep now but I'll post again once up later, thanks and keep tuned!
~ Rock '
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