whats next for nu more down or huge up ?

17 nov 2016

if nu breaks out the up channel the blue line to be exact then it will proceed to touch the down channel line the bottom purple line to be exact. if price breaks and closes the black trend line down from blue line then pair still bullish. a break out of the trend line down from purple line would mean the pair is bearish. either way a pretty good up is to come after the drop. imo i thinking the pair will start to be bearish with usd rising as of lately so im leaning more towards prices touching the bottom purple line but after the close today hopefully there will be a more clear view and i will update from there.