⚡️Hey guys, just a quick XRP follow up here.
⚡️Wanted to give you guys this likely short term support we've seen XRP Form at 0.334 which is now underlined with the red indicator we've placed down as well as the price marking to show that it's 0.334 for the new support we could say though to say even that with this volatility may be bold but still we'll place that in for now.
⚡️What we should look out for next is those 20/50 EMA's with the 20 being in red and 50 in blue. We want the red EMA to cross over that 50 and that would give us some bullish sentiment or at least traders that sentiment. I've removed the Heikin Ashi Candles and placed the normal ones to show things a bit better but below 0.334 is when whales start doing their things as you see those relatively large red and green candles that formed.
The candles below the red line nearly brought us to 0.38 before another whale came in with those large buy orders likely making the sellers or seller even perhaps realize that there was support and a fight at that point by which they likely stopped selling and from there things got back to normal for the most part.
⚡️There are two highlighted boxes displaying important points I want you to check out, the first box had some pretty strong selling momentum before support kicked in however the second box barely had even half of the first's selling power aside from the wick which extended but did not close down at 0.330. So 0.330 should likely be more of our real support. But anyway the second box did not have as much selling power so that's bullish for now, hopefully it's up from here but be wary and watch those EMA boxes.
⚡️If you'd like to leave a like or follow it'd be much appreciated, thank you and wishing nothing but the best as always you guys! Always trying my best here to keep you guys up to date and posted!
~ Rock '
⚡️Wanted to give you guys this likely short term support we've seen XRP Form at 0.334 which is now underlined with the red indicator we've placed down as well as the price marking to show that it's 0.334 for the new support we could say though to say even that with this volatility may be bold but still we'll place that in for now.
⚡️What we should look out for next is those 20/50 EMA's with the 20 being in red and 50 in blue. We want the red EMA to cross over that 50 and that would give us some bullish sentiment or at least traders that sentiment. I've removed the Heikin Ashi Candles and placed the normal ones to show things a bit better but below 0.334 is when whales start doing their things as you see those relatively large red and green candles that formed.
The candles below the red line nearly brought us to 0.38 before another whale came in with those large buy orders likely making the sellers or seller even perhaps realize that there was support and a fight at that point by which they likely stopped selling and from there things got back to normal for the most part.
⚡️There are two highlighted boxes displaying important points I want you to check out, the first box had some pretty strong selling momentum before support kicked in however the second box barely had even half of the first's selling power aside from the wick which extended but did not close down at 0.330. So 0.330 should likely be more of our real support. But anyway the second box did not have as much selling power so that's bullish for now, hopefully it's up from here but be wary and watch those EMA boxes.
⚡️If you'd like to leave a like or follow it'd be much appreciated, thank you and wishing nothing but the best as always you guys! Always trying my best here to keep you guys up to date and posted!
~ Rock '
Benzer Fikirler
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