⚡ XRP QUICK AFTERNOON TA ⚡
⚡ Alright just a lightning quick TA here for you guys, been a bit under the weather today and just woke up so wanted to get something out quick in the least, thanks for joining. Seems we had some quick impulse movements thanks to some big sell's as well as buy in's.
⚡ Honestly it feels like a bit of what happened earlier in the week which we theorized that it could have been caused by a whale or institutional trader buying and selling/exiting their position. That basically just sent us into a spiral down which extended below 0.688 but price managed to promptly pull us back up and away from our 0.688 level signaling another sign of support there.
⚡ My main focus has been on that 200 day moving average, thanks to the bullish run we've managed to regain that 200 which is a positive sign though the target now will be to stick above 0.699 or 0.70 basically and form another level of support again.
⚡ I've added two dotted black horizontal lines to help visualize things like those resistance points on the local such as the first which ultimately lead up to our reversal once we failed to break 0.72 and the second now possibly being at 0.704 though we'll likely manage to break above that but will want to see more support form and so on.
⚡ That's it for today's idea, again not feeling to great but I couldn't let you guys down! Had to get something out so hope that helps at least a bit, feel free to leave any likes or follows as always and thanks for the ongoing support everyone, really helps.
~ Rock '
⚡ Honestly it feels like a bit of what happened earlier in the week which we theorized that it could have been caused by a whale or institutional trader buying and selling/exiting their position. That basically just sent us into a spiral down which extended below 0.688 but price managed to promptly pull us back up and away from our 0.688 level signaling another sign of support there.
⚡ My main focus has been on that 200 day moving average, thanks to the bullish run we've managed to regain that 200 which is a positive sign though the target now will be to stick above 0.699 or 0.70 basically and form another level of support again.
⚡ I've added two dotted black horizontal lines to help visualize things like those resistance points on the local such as the first which ultimately lead up to our reversal once we failed to break 0.72 and the second now possibly being at 0.704 though we'll likely manage to break above that but will want to see more support form and so on.
⚡ That's it for today's idea, again not feeling to great but I couldn't let you guys down! Had to get something out so hope that helps at least a bit, feel free to leave any likes or follows as always and thanks for the ongoing support everyone, really helps.
~ Rock '
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