Ripple has broken this massive blue downward trendline. But where's the move up? It moved up about 4 cents and that's it. Which isn't very reassuring. MACD isn't slowly wandering up and RSI isn't throwing off any signals one way or the other.
The question is. Are we consolidating for another major move up or just forming a massive BEAR flag?
Look for a move up to 60 cents (the other major gold trendline) if we break this channel and a move to 37-40 cents (at least) if we break down.
Happy Trading,
-Sherem
The question is. Are we consolidating for another major move up or just forming a massive BEAR flag?
Look for a move up to 60 cents (the other major gold trendline) if we break this channel and a move to 37-40 cents (at least) if we break down.
Happy Trading,
-Sherem