Channel formation, exuberance testing highs
Updated
Support: the price where we are upon posting this idea and lower support at 8568.
Resistance: 9076 which can become support, 9733 and 9907.
The 2h (support on the cloud):
The 4h (support on the cherry line and the 50 day MA):
Resistance: 9076 which can become support, 9733 and 9907.
The 2h (support on the cloud):
The 4h (support on the cherry line and the 50 day MA):
Note
- channel broke downwards- support and resistance lines still hold
- it seems/looks like a new channel has formed:
Note
no more channels for now, look for the support white lines and for the blue trend line:Note
Update:Note
blue channel ded, next support at 9420.Note
that was 8420*Note
we found it at 8220 eventually, I will start a new idea from here.
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