Ripple can go up if it breaks the resistance area (grey rectangle) and retests it, which means it will also retest the MA50 (blue line).
1. Ripple is in a bullish channel and just touched the bottom.
2. It just broke and retested a long term bearish channel (well visible on the weekly chart)
3. RSI is turning bullish too (will be bullish once we go up a bit)
4. retested and above the MA200 (black line)
Trade not before break+retest. Target is the top of the new channel and the support area formed by recent M-shape.
Let's see!!
**Click like if you like this idea and leave comments! I will respond**
1. Ripple is in a bullish channel and just touched the bottom.
2. It just broke and retested a long term bearish channel (well visible on the weekly chart)
3. RSI is turning bullish too (will be bullish once we go up a bit)
4. retested and above the MA200 (black line)
Trade not before break+retest. Target is the top of the new channel and the support area formed by recent M-shape.
Let's see!!
**Click like if you like this idea and leave comments! I will respond**