As we can see, the price went in our direction and was able to reach the support line, as I said.
The price is now in a new channel. As we can see, the price follows the channel well. Notably, how the price repels from the channel lines and does not break them. Downward direction channel.
The price bounced off the lower channel line and started its upward movement. I expect that the price will continue to rise and be able to reach the upper channel line.📈
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.