In the daily time, it is moving in an ascending channel, which is currently happening at the bottom of the channel and forming a corner pattern, which will have the ability to reach the supply area if it breaks from above. In case of a break from the bottom, the minimum correction will be up to $2.7.
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Note
TIMEFRAME: WEEKLYNote
After touching the bottom of the channel, it encountered demand again and went up to the supply area. 3.12 as support to continue the pathNote
According to the movement path after the break of the specified supply area, it has advanced to the next target.
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Disclaimer
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.