๐ง Been a busy weekend with work but we're off now so thought I'd share a short and simple idea, chart speaks for itself overall for the most part. And thanks for tuning in of course for a quick bit.
๐ง XRP has exited from that channel as we wrote about in the previous idea, since then we did indeed end up losing that 200 EMA and that sent us down to the horizontal level of 0.492 before rebounding and finding support above 0.50 right now though whether or not that'll hold will have to be seen of course. Especially since this is the first time we've crossed back above 0.50 since the fall.
๐ง I'd set an alert for 0.50 just to keep an eye since it's a pivot point alongside the matter of that 200 EMA and whether or not we can actually regain it or if we'll fail to and likely slide back down and possibly more depending on how 0.492 does if we retest.
๐ง As usual, the horizontal levels are not new at all, if you know me you know these are pretty old levels and they seem to do the job pretty consistently at keeping tabs on XRP's price action, so if you haven't already, definitely would consider adding some to your charts. I'd like to say my work speaks for itself hopefully, especially the charts, I simply do my best here but I'm grateful to those of you that continue to be here, thank you.
๐ง We're just at a pretty sporadic point right now basically but most of this mainly falls upon Bitcoin and regular retracement as I'd pointed out would likely happen in my XRP's ASCENT idea a few days ago for anyone who'd like to read up on that too which is linked below.
๐ง Just using the ice today as a bit of a chill indicator, been a chilly feeling down here at that 0.50 point basically but just another day is all to us. I have to go but thanks for tuning in of course, appreciate it and all the best till next.
~ Rock '
๐ง XRP has exited from that channel as we wrote about in the previous idea, since then we did indeed end up losing that 200 EMA and that sent us down to the horizontal level of 0.492 before rebounding and finding support above 0.50 right now though whether or not that'll hold will have to be seen of course. Especially since this is the first time we've crossed back above 0.50 since the fall.
๐ง I'd set an alert for 0.50 just to keep an eye since it's a pivot point alongside the matter of that 200 EMA and whether or not we can actually regain it or if we'll fail to and likely slide back down and possibly more depending on how 0.492 does if we retest.
๐ง As usual, the horizontal levels are not new at all, if you know me you know these are pretty old levels and they seem to do the job pretty consistently at keeping tabs on XRP's price action, so if you haven't already, definitely would consider adding some to your charts. I'd like to say my work speaks for itself hopefully, especially the charts, I simply do my best here but I'm grateful to those of you that continue to be here, thank you.
๐ง We're just at a pretty sporadic point right now basically but most of this mainly falls upon Bitcoin and regular retracement as I'd pointed out would likely happen in my XRP's ASCENT idea a few days ago for anyone who'd like to read up on that too which is linked below.
๐ง Just using the ice today as a bit of a chill indicator, been a chilly feeling down here at that 0.50 point basically but just another day is all to us. I have to go but thanks for tuning in of course, appreciate it and all the best till next.
~ Rock '
