Chanelup
shibusdt / longshibusdt / long
After breaking the sloping trend line, we expected it to continue its downward trend after some bullish correction, but this correction has been too long and it seems that sellers are not willing to sell at a lower price.
1-Also seen in the 4-hour time frame is an ascending divergence
2-And also the price is at the bottom of the uptrend channel
3-Therefore, we expect the price to touch the ceiling of the previous channel
AUDUSDFollowing the break of the inverse head and shoulder neckline which confirmed our bullish continuation run, retail breakout traders came in full force only for the forces that be to clean the table with a strong attack to the stops.
Todays low has been set and it confirms buy support from yesterdays low.
I am expecting more bullish run to the up-side with plenty of entry opportunities to come.