For several years now, the price has been forming a good channel. And only in February of this year it showed strong growth and came out of it. Then a virus created the situation. Now the price has returned to the channel and I think it is not going to exit from there yet. Now the price is just at the support line - the lower level of the channel, and therefore now I expect a rise to the resistance line - the upper border of the channel.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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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.