🔥 Just keeping this quick, feels like that kinda day but thanks for stopping by of course! Appreciate you guys as usual.
🔥 Basically since our last idea XRP has managed to continue climbing and avoid falling further back below that 0.479 horizontal level with what's looking like a possibly Ascending triangle here as shown below on the hourly chart.
🔥 I've added some encircled points to highlight that resistance at 0.488 but if we can manage to get another break above 0.488 I can definitely see it as a good catalyst for a possible breakout back to the 0.50's with 0.492 being the first resistance to break but still. With the ascending triangle things don't look too bad, not we've had that support on the diagonal trendline below us keeping us in check from falling further but that's where the next point starts.
🔥 Just like the ascending triangle can help us get that breakout there's still the possibility of failing to break 0.488 and losing momentum which could put us in another precarious position if we we're to slip below that diagonal line, such could set us up for a bit of a drop admittedly but for that case you could set an alert below the line in case for 0.485 or so.
🔥 Main thing for me is whether or not Bitcoin breaks $27,000 soon or not, it's pretty clear that the market for the most part is still keeping some form of correlation with Bitcoin and whales are likely just waiting to see what Bitcoin does as it fights between $26 and $27,000 trading sideways for the most part this week. Just one of those pivot points is all, we're at another junction and though we can't see into the future, we can at least view our prospects with regards to how things may play out.
🔥 I have work soon so I've got to go and get ready, but thanks for stopping by as always, really appreciate it and all the best till next everyone! Feel free to leave any likes or follows, never hurts, simply helps, thanks.
~ Rock '
🔥 Basically since our last idea XRP has managed to continue climbing and avoid falling further back below that 0.479 horizontal level with what's looking like a possibly Ascending triangle here as shown below on the hourly chart.
🔥 I've added some encircled points to highlight that resistance at 0.488 but if we can manage to get another break above 0.488 I can definitely see it as a good catalyst for a possible breakout back to the 0.50's with 0.492 being the first resistance to break but still. With the ascending triangle things don't look too bad, not we've had that support on the diagonal trendline below us keeping us in check from falling further but that's where the next point starts.
🔥 Just like the ascending triangle can help us get that breakout there's still the possibility of failing to break 0.488 and losing momentum which could put us in another precarious position if we we're to slip below that diagonal line, such could set us up for a bit of a drop admittedly but for that case you could set an alert below the line in case for 0.485 or so.
🔥 Main thing for me is whether or not Bitcoin breaks $27,000 soon or not, it's pretty clear that the market for the most part is still keeping some form of correlation with Bitcoin and whales are likely just waiting to see what Bitcoin does as it fights between $26 and $27,000 trading sideways for the most part this week. Just one of those pivot points is all, we're at another junction and though we can't see into the future, we can at least view our prospects with regards to how things may play out.
🔥 I have work soon so I've got to go and get ready, but thanks for stopping by as always, really appreciate it and all the best till next everyone! Feel free to leave any likes or follows, never hurts, simply helps, thanks.
~ Rock '
