In the 1-day time frame, there is an ascending channel whose price has returned from the ceiling. This downward trend can continue until it reaches the bottom of the canal or change direction towards the canal roof In the 4-hour chart, there is a downtrend that the price has moved down from the ceiling of this channel. It can react to one of the yellow lines on the bottom of the canal and then move upwards In the 1 hour time frame, there is a down channel that the price is in the middle of this channel and can move both to the bottom of the channel and to the ceiling of the channel.
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.