⚡As a good friend of mine said, back up the mountain. Thanks for the words Lozoot. XRP has rised up and bounced from my last idea in which I noted we were at the next big test for Ripple to see whether or not we'd break my last marking by which 0.30 follows next below for my decision channel marking.
⚡So basically we won that big test or at least have so far having bounced up and entering the markings we had above again by which funny enough a channel has formed between the two so even after all this my markings still stick to the grind and stay working so I'm happy to see that going on. Especially happy to see it as we can use this as a resistance point by which should we fail to materialize any more pushes or breakthroughs above 0.396 it can send us back down to 0.379 by which a support test will kick in and well you understand after that if we fail.
⚡Leaving it at this for now since we are dealing with a lot of volatile stuff but this is just insane to see and deal with honestly, the FTX move has just caused a ripple through the sector and has shaken up confidence in investors once again at a time when we least needed it. So seeing a move up like this has been great in the least to say.
⚡This will likely be another decisive point as we've got that 200 EMA in play and whichever way we end up breaking out of this channel can set the next directional move whether it be up or down basically. I'll leave it at that for now but as always I offer no financial advice, simply observations on behalf of a Rock that likes squiggly lines and reading things! Have a great day and if you'd like to leave a like or follow it'd be very much appreciated, thanks!
~ Rock '
⚡So basically we won that big test or at least have so far having bounced up and entering the markings we had above again by which funny enough a channel has formed between the two so even after all this my markings still stick to the grind and stay working so I'm happy to see that going on. Especially happy to see it as we can use this as a resistance point by which should we fail to materialize any more pushes or breakthroughs above 0.396 it can send us back down to 0.379 by which a support test will kick in and well you understand after that if we fail.
⚡Leaving it at this for now since we are dealing with a lot of volatile stuff but this is just insane to see and deal with honestly, the FTX move has just caused a ripple through the sector and has shaken up confidence in investors once again at a time when we least needed it. So seeing a move up like this has been great in the least to say.
⚡This will likely be another decisive point as we've got that 200 EMA in play and whichever way we end up breaking out of this channel can set the next directional move whether it be up or down basically. I'll leave it at that for now but as always I offer no financial advice, simply observations on behalf of a Rock that likes squiggly lines and reading things! Have a great day and if you'd like to leave a like or follow it'd be very much appreciated, thanks!
~ Rock '
