Hey guys! Hope you guys are doing well! Comment below and let me know how you guys are doing or what you're up to, I just got off from work so we're gonna dive in for a quick analysis!
🔥Basically nothing much has changed from yesterday's idea, so you can read that idea which is linked below if you'd like some more insight to start! XRP is still dealing with this sideways channel and trying to find what's next for us, at the very moment, we can see how XRP has pulled to the sideways channel's bottom where things are rather stagnant as you can see the power struggle going on down here with bulls once again doing their best to pull us back up into the sideways channel but honestly it seems like with each pull up we get weaker and weaker results. That is of course thanks to Bitcoin's failure to hold that $20,000 mark.
🔥Bears basically just keep hitting harder and harder everyday trying to push us into this descending channel on XRP, while trying to keep us in that major descending channel on Bitcoin in general. Things can change very fast though so that's why it's always important to watch those EMA's lines. That 200 EMA is still hovering above us so no mountain in sight just yet but when we do come close you guys already know you'll be informed!
🔥So basically for now we just want XRP to stay within the descending channel and avoid falling below it, if it does then you should watch that support point right below to know whether or not we'll drop further or see a bounce which usually happens at that support point.
Anyway I'm gonna leave it here for now since it's just a quick morning read but hope you guys are doing well today and if you'd like to leave a like or follow it'd be much appreciated, thank you!
~ Rock
🔥Basically nothing much has changed from yesterday's idea, so you can read that idea which is linked below if you'd like some more insight to start! XRP is still dealing with this sideways channel and trying to find what's next for us, at the very moment, we can see how XRP has pulled to the sideways channel's bottom where things are rather stagnant as you can see the power struggle going on down here with bulls once again doing their best to pull us back up into the sideways channel but honestly it seems like with each pull up we get weaker and weaker results. That is of course thanks to Bitcoin's failure to hold that $20,000 mark.
🔥Bears basically just keep hitting harder and harder everyday trying to push us into this descending channel on XRP, while trying to keep us in that major descending channel on Bitcoin in general. Things can change very fast though so that's why it's always important to watch those EMA's lines. That 200 EMA is still hovering above us so no mountain in sight just yet but when we do come close you guys already know you'll be informed!
🔥So basically for now we just want XRP to stay within the descending channel and avoid falling below it, if it does then you should watch that support point right below to know whether or not we'll drop further or see a bounce which usually happens at that support point.
Anyway I'm gonna leave it here for now since it's just a quick morning read but hope you guys are doing well today and if you'd like to leave a like or follow it'd be much appreciated, thank you!
~ Rock
