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!!
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