Uptrend Channel on CMT
Hello Traders,
CMT at the daily chart seems to be inside the uptrend channel and testing the resistance of it on 1D timeframes.
Today's candlestick is called a dark cloud, which is a bearish sign especially by the fact that this movement is happening in a resistance zone.
Based on the daily chart, we can test the support of the channel one more time and still look at a bullish trend on the daily chart.
We going to pay attention to the green line when the price reaches that area The price will start to look bullish once again at this level but will be on a resistance zone on the daily chart.
.
CMT at the daily chart seems to be inside the uptrend channel and testing the resistance of it on 1D timeframes.
Today's candlestick is called a dark cloud, which is a bearish sign especially by the fact that this movement is happening in a resistance zone.
Based on the daily chart, we can test the support of the channel one more time and still look at a bullish trend on the daily chart.
We going to pay attention to the green line when the price reaches that area The price will start to look bullish once again at this level but will be on a resistance zone on the daily chart.
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