Uncharted waters?

1) Looking the daily chart over the last 3 years, it looks like it is the first time we cross the R1 resistance level
2) I can't find any other solid channel in which BTCEUR now is, besides the green channel which has only recently formed. However the channel seems to end at about 12.000
Do you think we may see a major pullback below the major R1 level or BTCEUR is heading to form a higher resistance level?
Trend Analysis

Disclaimer