❄️Well, basically XRP had that simple mountain fall which happened once we exited the 200 EMA and that's not exactly anything new, especially if you've been following with me we've gone well over many mountain falls by this point. Now what matters then is whether or not we hold and when we find that support.
❄️And surprise surprise, we found support exactly on spot with our marking of 0.439 with massive volume kicking in as you can see by the millions. And from there on we've simply been climbing back up to the 200 EMA where we are back at again. Next test is just gonna be whether or not we reclaim that 200 EMA or get dealt another rejection and fall further down by which we'll be looking back at that support marking.
❄️Anyway, the markings speak for themselves as always, the market's been looking real choppy and volatile this week and will continue so, especially as Credit Suisse is looking like it may be facing a Lehman moment which could potentially cause a credit crisis for the FED the fact is that one way or another somethings got to give, especially with so many things going on in the world markets from China's yuan falling to 5 year lows or the pound falling hard as well it seems like everything getting chilled down and beat. Not the best look of a start to a chilly October.
❄️Leaving the idea here for now but be aware of all of that, things are looking to get pretty chilly and the simply hope is that we can warm up temps and avoid this crypto winter extending though even if it does, it would provide some good DCA opportunities. But for now we just wanna grab that 200 EMA and hold it! Leaving the idea here for now as I'll update you later but if you'd like to leave a like or follow it'd be much appreciated! And wishing well per usual.
~ Rock '
❄️And surprise surprise, we found support exactly on spot with our marking of 0.439 with massive volume kicking in as you can see by the millions. And from there on we've simply been climbing back up to the 200 EMA where we are back at again. Next test is just gonna be whether or not we reclaim that 200 EMA or get dealt another rejection and fall further down by which we'll be looking back at that support marking.
❄️Anyway, the markings speak for themselves as always, the market's been looking real choppy and volatile this week and will continue so, especially as Credit Suisse is looking like it may be facing a Lehman moment which could potentially cause a credit crisis for the FED the fact is that one way or another somethings got to give, especially with so many things going on in the world markets from China's yuan falling to 5 year lows or the pound falling hard as well it seems like everything getting chilled down and beat. Not the best look of a start to a chilly October.
❄️Leaving the idea here for now but be aware of all of that, things are looking to get pretty chilly and the simply hope is that we can warm up temps and avoid this crypto winter extending though even if it does, it would provide some good DCA opportunities. But for now we just wanna grab that 200 EMA and hold it! Leaving the idea here for now as I'll update you later but if you'd like to leave a like or follow it'd be much appreciated! And wishing well per usual.
~ Rock '
