⚡ XRP'S DESCENDING CHANNEL ⚡
⚡ XRP has basically fallen into this descending channel and is now looking like it's finally exiting that downtrend thus we'll likely see some better movement as the market pushes back up following the rather tough week we've had here.
⚡ Here's the chart for that descending channel below with some annotations to keep simple.
⚡ Chat speaks for itself thoguh I've added something quick to help show the descending channel a bit better, this may interest some of you guys.
⚡ Show's the descending channel as well as some vital stuff. It's pretty simple, we wanna keep in the blue section and whenever we get into that red section we fall, you've got to admit it's pretty spot on but what I'm looking for now is an exit out from the blue channel. Great as it may be to be in the upper part of the channel we want to exit out and away. So keep watch for that as well as a possible reclaim of the 200 day moving average if we're lucky enough to get one soon.
⚡ Also showing some rather strong buying support down above 0.65 so buyers are still with us and all, not too bad overall and for target it's just to stay above 0.65 and break 0.66 to regain the 200. I have to go but wish everybody well as always, can feel free to leave a like or follow if you'd like, thank you regardless.
~ Rock '
⚡ Here's the chart for that descending channel below with some annotations to keep simple.
⚡ Chat speaks for itself thoguh I've added something quick to help show the descending channel a bit better, this may interest some of you guys.
⚡ Show's the descending channel as well as some vital stuff. It's pretty simple, we wanna keep in the blue section and whenever we get into that red section we fall, you've got to admit it's pretty spot on but what I'm looking for now is an exit out from the blue channel. Great as it may be to be in the upper part of the channel we want to exit out and away. So keep watch for that as well as a possible reclaim of the 200 day moving average if we're lucky enough to get one soon.
⚡ Also showing some rather strong buying support down above 0.65 so buyers are still with us and all, not too bad overall and for target it's just to stay above 0.65 and break 0.66 to regain the 200. I have to go but wish everybody well as always, can feel free to leave a like or follow if you'd like, thank you regardless.
~ Rock '
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