๐ XRP'S WAVES ๐
๐ Just here with something quick, aside from yesterday's note trading's seemed to relax a bit and we're seeing less impulsive movements with the slow uptrend back up after those sharp mountain falls we got hit with by some whales and investors selling following the BTC ETC news regarding Fidelity and BlackRock.
๐ We've still got that resistance at the 0.47420 horizontal level after having slipped below yesterday. That being said though 0.465 still proved true and support was found though we can see how we'll be encountering that 200 EMA challenge again as a result, so hopefully we can avoid losing it though if we do you already know what to refer to.
๐ I've marked up a new ascending channel that's formed over the most recent bit of our chart and should we break below that expect selling and above vice versa. Especially if we broke the 0.475 level. For now we'll definitely see some back and fourth in the channel until we can break out but those 20/50 EMA's will tell most of what's going on for now/which way the tides turn.
๐ That's it for now, just wanted to leave it at that for today and keep things short and concise but if you'd like to leave a like or follow it'd be much appreciated as always. Thank you and all the best.
~ Rock '
๐ We've still got that resistance at the 0.47420 horizontal level after having slipped below yesterday. That being said though 0.465 still proved true and support was found though we can see how we'll be encountering that 200 EMA challenge again as a result, so hopefully we can avoid losing it though if we do you already know what to refer to.
๐ I've marked up a new ascending channel that's formed over the most recent bit of our chart and should we break below that expect selling and above vice versa. Especially if we broke the 0.475 level. For now we'll definitely see some back and fourth in the channel until we can break out but those 20/50 EMA's will tell most of what's going on for now/which way the tides turn.
๐ That's it for now, just wanted to leave it at that for today and keep things short and concise but if you'd like to leave a like or follow it'd be much appreciated as always. Thank you and all the best.
~ Rock '
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