The downtrend channel was broken already 2 days ago, BULLSo, the downtrend channel was broken 2 days ago and it has found support on the EMA 200 and 50. RSI has still room to go up before reaching the overbought area.
I think it's just a matter of time that we will test the 68,5% retrace and break it also.
I don't know many of you have in your chart that was not broken, you probably are using log view.
Btcus
Simple RippleThis 4-hour chart shows that the 200EMA is acting as resistance.
1) Primary resistance is 200EMA
2) Secondary resistance is .618 FIB
3) Support is structure at .94
4) While we are down, the channel is broken
5) Consolidation trading plans should be considered by traders
6) HODL for the Noobs
7) Major resistance on the way up at .5 and .382 is expected.
Simple is best!