☄️Been a crazy week as we continue to deal with the FTX contagion but that's what it is, let's focus on Ripple. XRP broke out from the descending channel which we had noted in the last idea and was nice to see that breakthrough take place. Especially after having fallen below our 0.338 last mark by which my decision channel is below that starting at 0.30.
☄️It's nice to see that having kicked in as a support but we're back up at the same point of rejection last mountain with our 0.3934 mark so now we've got this next test of whether or not we manage to break above and form a higher high or fail and fall again to where we'll risk losing the 200 EMA again.
☄️I don't want to make this too long and want to keep things simple for today but we got that confirmation anyway of that descending channel in the least so we are getting a good grip on XRP's movements and I'm happy with that. To note though is that we've absolutely got to keep the FTX situation in the back of our heads and be alert with news, we knew too well already what happens when big news comes out how much of an impact it can be.
☄️I'm gonna catch some quick rest but if you'd like to leave a like and follow it'd be much appreciated, simply doing my best and improving my frame of mind and focus on things day by day slowly gaining more experience and seeing things come to fruition like these confirmations. Let's me know that I'm on the right path. None of my stuff is financial advice as per usual and this idea is simply an observation by a simple mind!
~ Rock '
☄️It's nice to see that having kicked in as a support but we're back up at the same point of rejection last mountain with our 0.3934 mark so now we've got this next test of whether or not we manage to break above and form a higher high or fail and fall again to where we'll risk losing the 200 EMA again.
☄️I don't want to make this too long and want to keep things simple for today but we got that confirmation anyway of that descending channel in the least so we are getting a good grip on XRP's movements and I'm happy with that. To note though is that we've absolutely got to keep the FTX situation in the back of our heads and be alert with news, we knew too well already what happens when big news comes out how much of an impact it can be.
☄️I'm gonna catch some quick rest but if you'd like to leave a like and follow it'd be much appreciated, simply doing my best and improving my frame of mind and focus on things day by day slowly gaining more experience and seeing things come to fruition like these confirmations. Let's me know that I'm on the right path. None of my stuff is financial advice as per usual and this idea is simply an observation by a simple mind!
~ Rock '
