The price had been in a falling wedge for a while, as we expected, the price then broke out from the upper band and then entered this new channel.
This new channel is an upward channel. As we can see, the price has already tested several times within this channel.
Recently, the price touched the bottom line of the channel, which could indicate that the price met pressure here.
Let’s expect the price to go up
This new channel is an upward channel. As we can see, the price has already tested several times within this channel.
Recently, the price touched the bottom line of the channel, which could indicate that the price met pressure here.
Let’s expect the price to go up