🔥 XRP QUICK MORNING TA . FTX SALES 🔥
🔥 I'm just gonna keep this idea quick, but thanks for joining me for a bit as always ladies and gentlemen.
🔥 Don't want to keep this long so we'll just look at the facts right now. TA wise we've got this ascending channel that I've marked out now pointing out the support and resistance though we've still got that consolidation channel between 0.479 and 0.486.
🔥 We did get a breakout above 0.486 with Bitcoin leading the way up, we've then got the confirmation from the judge for FTX to start selling it's assets with a limit of $50 million for crypto's and will be allowed to sell $100 million worth per week. Good to keep in mind since we may see some sudden drops or falls soon granted they have XRP on their balance sheets as well amounting to $199 million in XRP alone though that's not too bad, could be worse like the $1.16 billion in SOl or the $560 million in BTC they have so we've got the good end of the stick for the most part and they'll likely be selling in bits rather then all at once but good to keep in mind.
🔥 The judge authorizing the sales as well is good for XRP and SOL being that any sales must be legal as well as free from the registration requirements of the SEC. Such a decision by none other than a Federal Judge has to mean that the crypto's are non securities, doesn't 100% mean they are by the books yet but for the case at least it does yeah.
🔥 I'll be watching my top black diagonal line for resistance, we'll likely have some trouble breaking that but I don't mind too much, just happy to see us pull back up away from 0.46 after that overextension away from our 200 EMA with us regaining it and managing to keep it so far.
🔥 I did set an alert at 0.4857 for that horizontal level since that's been our main resistance on the local the past few days so I'll try to keep tuned on that best I can. I have to go but thanks to the few of you guys that actually tune in and especially for the likes and follows, really means a lot as always, thanks and keep well.
~ Rock '
🔥 Don't want to keep this long so we'll just look at the facts right now. TA wise we've got this ascending channel that I've marked out now pointing out the support and resistance though we've still got that consolidation channel between 0.479 and 0.486.
🔥 We did get a breakout above 0.486 with Bitcoin leading the way up, we've then got the confirmation from the judge for FTX to start selling it's assets with a limit of $50 million for crypto's and will be allowed to sell $100 million worth per week. Good to keep in mind since we may see some sudden drops or falls soon granted they have XRP on their balance sheets as well amounting to $199 million in XRP alone though that's not too bad, could be worse like the $1.16 billion in SOl or the $560 million in BTC they have so we've got the good end of the stick for the most part and they'll likely be selling in bits rather then all at once but good to keep in mind.
🔥 The judge authorizing the sales as well is good for XRP and SOL being that any sales must be legal as well as free from the registration requirements of the SEC. Such a decision by none other than a Federal Judge has to mean that the crypto's are non securities, doesn't 100% mean they are by the books yet but for the case at least it does yeah.
🔥 I'll be watching my top black diagonal line for resistance, we'll likely have some trouble breaking that but I don't mind too much, just happy to see us pull back up away from 0.46 after that overextension away from our 200 EMA with us regaining it and managing to keep it so far.
🔥 I did set an alert at 0.4857 for that horizontal level since that's been our main resistance on the local the past few days so I'll try to keep tuned on that best I can. I have to go but thanks to the few of you guys that actually tune in and especially for the likes and follows, really means a lot as always, thanks and keep well.
~ Rock '
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Feragatname
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