Video covering what I'm seeing in the charts for XRP, which is downside price action. Trust me... I wish that was not the case, but that's what it seems to be.
In general, I truly believe price action wants to hit that 200EMA on the daily chart. Not sure why, but it does and it happens to be sitting around $.75 roughly. Don't be surprised to wake up tomorrow and price sitting right there.
If we do make it to this level, I expect to see a spikes down to the $.60 area with buying pressure quickly pushing the candle bodies back up. Similar to what the daily candle looks like between 2/5 - 2/7. Only time will tell.
I hope you enjoyed... give me a like and leave a comment.
Also, I'm thinking about creating a youtube channel that runs through how i setup my charts and would allow me to talk a bit longer than 10mins. Let me know if you would be interesting in watching.
In general, I truly believe price action wants to hit that 200EMA on the daily chart. Not sure why, but it does and it happens to be sitting around $.75 roughly. Don't be surprised to wake up tomorrow and price sitting right there.
If we do make it to this level, I expect to see a spikes down to the $.60 area with buying pressure quickly pushing the candle bodies back up. Similar to what the daily candle looks like between 2/5 - 2/7. Only time will tell.
I hope you enjoyed... give me a like and leave a comment.
Also, I'm thinking about creating a youtube channel that runs through how i setup my charts and would allow me to talk a bit longer than 10mins. Let me know if you would be interesting in watching.
