Hey guys! Hope you guys are doing well today as always and before I start if you guys feel that this Idea helps you or gives you even a bit of insight a like or follow would be much appreciated as it always helps push me to continue doing simply what I love and enjoy doing, thank you!
โก๏ธIn our last Idea on the 17th I noted that we should watch the sideways channel's exit to see which way the trend was going to go and well, it showed us just that. XRP fell straight through that sideways channel following the mountain's leave/mountain fall (white circle) which for those of you that have been here with me already are aware of. For those that are new I refer to it as a mountain's leave/fall as it looks like a skier skiing off one of those big mountains before parachuting down. He's off the mountain and the only way down safely is down so he's got to go down following that departure. That's why I always put emphasis on those EMA's guys, they really will tell you a lot just like our markers we always have up, those too help.
โก๏ธAnyway we know now that the sideways channel we've got marked out is still sticking true to it's placement so I'm happy with that, and not only that but we pulled up heavy once we went below that last line of defense. I pointed this out already in one of this week's idea's but I told you guys how whenever we went below that last line of defense we would always get dumb strong support kicking in, I'm talking millions and millions get bought up just to bring the crypto back up above that 0.305 mark every time. They really don't want us moving any lower. You can see just how dramatic the buying was which kicked in to pull us back up and most importantly, you can see it. There's no being lowkey or any of that, just straight up buys and big orders. XRP's still got those whales and market makers on our side.
โก๏ธFollowing that pull up we have been pulled all the way back up to that sideways channel again thanks to that last big order of 4.5 million Ripple which shot us right up into the sideways channel which is exactly where they needed it so that it could start to form a new direction/heading. Whether or not we'll break above this time or not is crucial as we could simply form a lower high and a third lower mountain in which case we could continue our move down if we form a lower high but if I'm being honest, considering just how much we dropped and how strong the buy orders were I think anyone would be impressed by that and at the end of the day smart Investors will know that hey, we're still good.
โก๏ธIf we fail to break above our sideways channel and get moved back below watch back again that last line of defense for further indication and look to see if we form a lower high or if support starts to build above the 0.30 point which we need to be able to start to get ready for a larger move back up. Also watch's those EMA's, if we flip back again it'll be another move down or mountain's fall so watch for that! Also you can see by our HTF levels just how large the support is at 0.28 which leads us to 0.3 next on the HTF levels as a significant point to watch next so take note!
โก๏ธRight now the market is feeling the pangs of what everybody is calling a possible recession and personally I get that but in the long run, we'll be fine and that's what matters. I just wanted to say that amongst everything running amok right now, it won't be easy but just look at Bitcoin and how many times it had to fall down with these huge corrections before it would move back up and set up a record new high stunning everybody. History will repeat, and it'll be a sight to behold I'll say. If your in this battle with me, then let's stick together and let's give it our best, because now is the time for growth and nothing but improvement.
โก๏ธThank you guys for following in as always and if you'd like to leave a like or follow it would be much appreciated! I just wanted to say to those that have been with me before already and my followers I apologize for the inconvenience if some day's I may not post a lot or be around, I'm dealing with a new job and that's got me juggling a lot right now but don't worry, I'll always do my best to get to you guys and soon enough I'll have my schedule sorted out, so leave a follow and keep posted for much more great Idea's to come as always! Thank you so much and have a wonderful day, do your own DD and trade responsibly!
~ Rock
โก๏ธIn our last Idea on the 17th I noted that we should watch the sideways channel's exit to see which way the trend was going to go and well, it showed us just that. XRP fell straight through that sideways channel following the mountain's leave/mountain fall (white circle) which for those of you that have been here with me already are aware of. For those that are new I refer to it as a mountain's leave/fall as it looks like a skier skiing off one of those big mountains before parachuting down. He's off the mountain and the only way down safely is down so he's got to go down following that departure. That's why I always put emphasis on those EMA's guys, they really will tell you a lot just like our markers we always have up, those too help.
โก๏ธAnyway we know now that the sideways channel we've got marked out is still sticking true to it's placement so I'm happy with that, and not only that but we pulled up heavy once we went below that last line of defense. I pointed this out already in one of this week's idea's but I told you guys how whenever we went below that last line of defense we would always get dumb strong support kicking in, I'm talking millions and millions get bought up just to bring the crypto back up above that 0.305 mark every time. They really don't want us moving any lower. You can see just how dramatic the buying was which kicked in to pull us back up and most importantly, you can see it. There's no being lowkey or any of that, just straight up buys and big orders. XRP's still got those whales and market makers on our side.
โก๏ธFollowing that pull up we have been pulled all the way back up to that sideways channel again thanks to that last big order of 4.5 million Ripple which shot us right up into the sideways channel which is exactly where they needed it so that it could start to form a new direction/heading. Whether or not we'll break above this time or not is crucial as we could simply form a lower high and a third lower mountain in which case we could continue our move down if we form a lower high but if I'm being honest, considering just how much we dropped and how strong the buy orders were I think anyone would be impressed by that and at the end of the day smart Investors will know that hey, we're still good.
โก๏ธIf we fail to break above our sideways channel and get moved back below watch back again that last line of defense for further indication and look to see if we form a lower high or if support starts to build above the 0.30 point which we need to be able to start to get ready for a larger move back up. Also watch's those EMA's, if we flip back again it'll be another move down or mountain's fall so watch for that! Also you can see by our HTF levels just how large the support is at 0.28 which leads us to 0.3 next on the HTF levels as a significant point to watch next so take note!
โก๏ธRight now the market is feeling the pangs of what everybody is calling a possible recession and personally I get that but in the long run, we'll be fine and that's what matters. I just wanted to say that amongst everything running amok right now, it won't be easy but just look at Bitcoin and how many times it had to fall down with these huge corrections before it would move back up and set up a record new high stunning everybody. History will repeat, and it'll be a sight to behold I'll say. If your in this battle with me, then let's stick together and let's give it our best, because now is the time for growth and nothing but improvement.
โก๏ธThank you guys for following in as always and if you'd like to leave a like or follow it would be much appreciated! I just wanted to say to those that have been with me before already and my followers I apologize for the inconvenience if some day's I may not post a lot or be around, I'm dealing with a new job and that's got me juggling a lot right now but don't worry, I'll always do my best to get to you guys and soon enough I'll have my schedule sorted out, so leave a follow and keep posted for much more great Idea's to come as always! Thank you so much and have a wonderful day, do your own DD and trade responsibly!
~ Rock
