Quick analysis but basically this is a follow up from my last idea!
🔥XRP managed to keep and hold it's ground against bears and managed to avoid being pulled dramatically low down to below that sideways channel threshold. That first time we had the mountain form and got pulled down thanks to bearish divergence/bears taking advantage of that impulse move and creating an EMA exit/mountain fall.
🔥Those HTF levels tell you a lot most definitely, I mean they literally show us trending within the two EMA levels we got going on with the first being up at 0.325 and creating a resistance mark while 0.308 is another large volume spot off of which we've bounced and seen support after support kick. But just as that support has helped us keep above that point, the reason we could see these supports kick in constantly above that mark is due to the fact that whales likely want us to avoid 0.308 as we'd likely end up getting hit with a lot of stop loss/sell orders and that definitely wouldn't be pretty so they definitely are here helping us no doubt.
🔥WATCH that EMA! If we lose that 200 EMA again and exit, it's gonna create a mountain fall and we'll end up falling back down real hard in that case, this 200 EMA point is absolutely crucial to hold! We need to keep the 200 EMA within the mountain so that we can continue to push and start forming some bullish momentum, otherwise we'll likely just get pulled back down and even possibly face that major descending channel if XRP and Bitcoin can't hold their ground up here.
Thank you guys and hope you guys are doing well, make sure to leave a like and follow for more! I appreciate it and wish you guys nothing but the absolute best! Go share the love and happy 4th of July!
~ Rock
🔥XRP managed to keep and hold it's ground against bears and managed to avoid being pulled dramatically low down to below that sideways channel threshold. That first time we had the mountain form and got pulled down thanks to bearish divergence/bears taking advantage of that impulse move and creating an EMA exit/mountain fall.
🔥Those HTF levels tell you a lot most definitely, I mean they literally show us trending within the two EMA levels we got going on with the first being up at 0.325 and creating a resistance mark while 0.308 is another large volume spot off of which we've bounced and seen support after support kick. But just as that support has helped us keep above that point, the reason we could see these supports kick in constantly above that mark is due to the fact that whales likely want us to avoid 0.308 as we'd likely end up getting hit with a lot of stop loss/sell orders and that definitely wouldn't be pretty so they definitely are here helping us no doubt.
🔥WATCH that EMA! If we lose that 200 EMA again and exit, it's gonna create a mountain fall and we'll end up falling back down real hard in that case, this 200 EMA point is absolutely crucial to hold! We need to keep the 200 EMA within the mountain so that we can continue to push and start forming some bullish momentum, otherwise we'll likely just get pulled back down and even possibly face that major descending channel if XRP and Bitcoin can't hold their ground up here.
Thank you guys and hope you guys are doing well, make sure to leave a like and follow for more! I appreciate it and wish you guys nothing but the absolute best! Go share the love and happy 4th of July!
~ Rock
