🔥 XRP HOT TAKE OF THE DAY! IMPORTANT 🔥
Why should you follow me? Been a trader for 2 years + coming up on 3 and I'm only learning more with each and every single trade, Always doing my best to give you guys the most accurate and up to date postings as well as keeping you in the loop on stuff you need to know! I've grown my portfolio by over 1000% last year alone! 'And that's no joke, I really did'. I take a bit of both the technical as well as the fundamentals and look at any outside or beyond technical influences and take them all into account to give you the best of all three worlds. And if you don't believe me, then join me on my journey anyway and let's see where it leads!
⚠️In our last Idea we noted how it was likely that whales and MM's we're trying to pull us down and well, they have basically done that as you can see. May 31 you can see how they knocked us down with those two large sells before XRP bulls regained their hold and scaled back up the second time being knocked down again at those 0.424 and 0.42 marks with large sell orders. You simply have to take a look at the sell volume to see how much manipulation these guys cause. When they executed that last large sell order at 0.42 (circled in white) they brought us perfectly out of that ascending channel we we're starting to form. They sold so much they caused our EMA's to flip and they made us 'leave the mountain'. For those that already follow you know what I mean by leaving the mountain and here once again we see it, they executed that move perfectly and that caused our skier to leave the mountain thanks to our EMA's flip and leaving that ascending channel.
💥Before I continue again a lot of good info is in the previous linked idea so give that a read if you wanna understand the moves overall! So basically now we saw how our new resistance zone is 0.41 - 0.42 Our biggest risk now is if we move back into that descending channel on the 45 minute. If we do it'll likely mean we'll have a fight ahead to move back up to the 40's but we know there is enough buying power to get up there thanks to what we experienced this week with the rather crazy move up we've gone through this week. So just know if we move back into that descending channel it'll be a bearish time likely for a bit at least before we see a solid move back up but we could also bounce off of the descending channel's top and if there is enough buying pressure and we can hold support above 0.40 it'll be good but following a mountain's fall you always wanna be cautious since people usually make drastic decisions based on short term movements and MM's take advantage of that psychology. I'll post an idea later but keep that in mind as well as our new resistance zone.
🔥We go below 0.40 it'll be a bit bearish, especially if we fall back into that descending channel. What we want to see happen to day and this week is support sustain above that 0.40 mark otherwise we could see some moves back down before we see that solid move we need to start seeing higher digits. Thank you guys for taking the time to tune in and as always do your own DD as well! Feel free to leave a like and follow which always helps me to do my best and continue what I do! I hope you guys have a great day and keep posted for more to follow as always!
~ Rock
⚠️In our last Idea we noted how it was likely that whales and MM's we're trying to pull us down and well, they have basically done that as you can see. May 31 you can see how they knocked us down with those two large sells before XRP bulls regained their hold and scaled back up the second time being knocked down again at those 0.424 and 0.42 marks with large sell orders. You simply have to take a look at the sell volume to see how much manipulation these guys cause. When they executed that last large sell order at 0.42 (circled in white) they brought us perfectly out of that ascending channel we we're starting to form. They sold so much they caused our EMA's to flip and they made us 'leave the mountain'. For those that already follow you know what I mean by leaving the mountain and here once again we see it, they executed that move perfectly and that caused our skier to leave the mountain thanks to our EMA's flip and leaving that ascending channel.
💥Before I continue again a lot of good info is in the previous linked idea so give that a read if you wanna understand the moves overall! So basically now we saw how our new resistance zone is 0.41 - 0.42 Our biggest risk now is if we move back into that descending channel on the 45 minute. If we do it'll likely mean we'll have a fight ahead to move back up to the 40's but we know there is enough buying power to get up there thanks to what we experienced this week with the rather crazy move up we've gone through this week. So just know if we move back into that descending channel it'll be a bearish time likely for a bit at least before we see a solid move back up but we could also bounce off of the descending channel's top and if there is enough buying pressure and we can hold support above 0.40 it'll be good but following a mountain's fall you always wanna be cautious since people usually make drastic decisions based on short term movements and MM's take advantage of that psychology. I'll post an idea later but keep that in mind as well as our new resistance zone.
🔥We go below 0.40 it'll be a bit bearish, especially if we fall back into that descending channel. What we want to see happen to day and this week is support sustain above that 0.40 mark otherwise we could see some moves back down before we see that solid move we need to start seeing higher digits. Thank you guys for taking the time to tune in and as always do your own DD as well! Feel free to leave a like and follow which always helps me to do my best and continue what I do! I hope you guys have a great day and keep posted for more to follow as always!
~ Rock
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