niktraders

Interesting two parallel channel

Corto
KUCOIN:KCSUSDT   KuCoin Token / Tether
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KCSUSDT :
A big channel and a smaller parallel channel can be seen.
The price reached the upper line of the bigger channel and then reacted to the line and reversed.
At the same time, we see the price braked the small parallel channel and this is a trigger for a bearish wave to the lower line of the bigger channel.
Now, a pullback is seen to the smaller channel and it is a good opportunity to go short.
The target is the lower line of the bigger channel.
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