Hey! Hope you guys are doing well.
⚡️I don't really have to say much at this point, I've been telling you guys for the past few ideas now already about that main descending channel as well as the fact that we'd have a breakout if we broke above it in tune to our EMA's which are doing great so far. We've broken through those resistance zones as well as our previous resistance point at 0.36 which was great but now I want to emphasize one word of caution through this all.
⚡️This is an impulse movement, and a big one at that as bulls seem to be surprising whales in the bid to get as many of those call options in the green which are due to expire in just about over an hour. I told you guys earlier exactly about this being that we'd see huge volatility hit thanks to these options and admittedly it is a surprise to see bulls kick in this hard but they are, and not only XRP but BTC itself is rallying up although it has yet to beat that previous resistance of $21,600.
⚡️More than likely this impulse movement will have a mountain fall overnight/following options expiry and we'll see a lot of stuff get dragged down, but being that we've made it all the way up here, I wouldn't expect XRP to retrace all the way back down to our earlier levels however it of course isn't impossible either.
I'm gonna leave the idea here for now since I'll follow up tomorrow anyway but just happy to see my ideas and call outs pan out. Day by day I'm improving and learning more and more. Thank you guys and if you'd like to leave a like or follow it'd be much appreciated. Thank you!
~ Rock
⚡️I don't really have to say much at this point, I've been telling you guys for the past few ideas now already about that main descending channel as well as the fact that we'd have a breakout if we broke above it in tune to our EMA's which are doing great so far. We've broken through those resistance zones as well as our previous resistance point at 0.36 which was great but now I want to emphasize one word of caution through this all.
⚡️This is an impulse movement, and a big one at that as bulls seem to be surprising whales in the bid to get as many of those call options in the green which are due to expire in just about over an hour. I told you guys earlier exactly about this being that we'd see huge volatility hit thanks to these options and admittedly it is a surprise to see bulls kick in this hard but they are, and not only XRP but BTC itself is rallying up although it has yet to beat that previous resistance of $21,600.
⚡️More than likely this impulse movement will have a mountain fall overnight/following options expiry and we'll see a lot of stuff get dragged down, but being that we've made it all the way up here, I wouldn't expect XRP to retrace all the way back down to our earlier levels however it of course isn't impossible either.
I'm gonna leave the idea here for now since I'll follow up tomorrow anyway but just happy to see my ideas and call outs pan out. Day by day I'm improving and learning more and more. Thank you guys and if you'd like to leave a like or follow it'd be much appreciated. Thank you!
~ Rock
