I just finished a quick scan over a few cryptos I pay attention too and thought I would quickly point out what I'll be watching for on XRP. I think this morning's charts on XRP are perfectly illustrating how I like to see price action start playing out after a pull back or correction.
As mentioned, a quick scan of the lower levels are showing me that price action is breaking the slower moving MAs to the upside. On the 15 min, we are clearly above the 200EMA, so i'll be looking for it to turn in to support and hold as support. Crossing fingers for price to keep bouncing there, which will translate into price action moving to the 200 on higher frames and with any luck eventually a break of the 200 on higher frames and for price to move back up.
I hope you enjoyed the video and reminder to like and comment.
As mentioned, a quick scan of the lower levels are showing me that price action is breaking the slower moving MAs to the upside. On the 15 min, we are clearly above the 200EMA, so i'll be looking for it to turn in to support and hold as support. Crossing fingers for price to keep bouncing there, which will translate into price action moving to the 200 on higher frames and with any luck eventually a break of the 200 on higher frames and for price to move back up.
I hope you enjoyed the video and reminder to like and comment.
