LONG opportunity ahead for Ripple
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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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**
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