Hey! I let you guys know in the earlier idea that if we fell below the trend line we marked in the last idea then we'd likely fall below and that's what's happened so far, we've also exited the 200 EMA on the 1 minute chart linked below.
âĄïļWatch those EMA's on the shorter time frame right now, especially as we are dealing with that resistance/support mark of 0.329. We fall below that and the next HTF level shows 0.31 as another mark with a lot of volume which can definitely include stop/sell orders for Future's traders.
âĄïļSo watch those candles now as we look for support and fight to regain that 200 EMA as well as move above that 0.329 mark. Considering everything though, if Bitcoin itself can manage to hold it's weight and stick above $20,000 and XRP above 0.32 then this could establish our new support point on the 4 hourly which is shown below and that would be great for our continuation of XRP back up!
Gonna leave it here but watch those points as well as those HTF levels and the support/resistance marks I've already got on the charts. And leave a like and follow to keep posted for more ideas as always, thank you guys!
~ Rock
âĄïļWatch those EMA's on the shorter time frame right now, especially as we are dealing with that resistance/support mark of 0.329. We fall below that and the next HTF level shows 0.31 as another mark with a lot of volume which can definitely include stop/sell orders for Future's traders.
âĄïļSo watch those candles now as we look for support and fight to regain that 200 EMA as well as move above that 0.329 mark. Considering everything though, if Bitcoin itself can manage to hold it's weight and stick above $20,000 and XRP above 0.32 then this could establish our new support point on the 4 hourly which is shown below and that would be great for our continuation of XRP back up!
Gonna leave it here but watch those points as well as those HTF levels and the support/resistance marks I've already got on the charts. And leave a like and follow to keep posted for more ideas as always, thank you guys!
~ Rock