For me everything is pointing higher.
1. In the 4h chart all 4 indicators are positive
2. S-RSI is pointing to over sold
3. RSI is in a good area
4. Volume is slowing
For me we also need to look at the news. We had 10 new banks come on-line but more then 50 more are in final stages of testing, We also have the Canadian payment conferance coming in May 30th with ripple as a sponsor.
We are currently consolidating at the .5 fid until the next move. So far its holding. Lets see what the next two weeks bring.
1. In the 4h chart all 4 indicators are positive
2. S-RSI is pointing to over sold
3. RSI is in a good area
4. Volume is slowing
For me we also need to look at the news. We had 10 new banks come on-line but more then 50 more are in final stages of testing, We also have the Canadian payment conferance coming in May 30th with ripple as a sponsor.
We are currently consolidating at the .5 fid until the next move. So far its holding. Lets see what the next two weeks bring.
