EDU breakout Soon What Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
KEY TAKEAWAYS
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
EDUUSDT
EDUUSDTEDUUSDT was trading in bearish parallel channel and recently has given the breakout from channel.
Currently the price is following the short term bullish trendline and also getting support from broken channel level around, 0.5855 region.
If this level holds perfectly then the next target will be 0.6325.
OPEN CAMPUS EDU COIN PRICE PREDICTION✅ OPEN CAMPUS EDU COIN PRICE PREDICTION✅
🔥 Price on the 4H chart is forming a Triangle Pattern🔥
If Breaks up ..
🚀🎯You can target around $1.70 that's around 28% Gains🎯🚀
If Breaks down..
We can expect around the $ 1 range.
This will break up in my opinion.
👉 Follow me for more opportunities.
EDUUSDT.4HHello dear friends,
*Mars Signals Team wishes you high profits*
This is a time frame analysis for EDUUSDT.4H
We are in the 4 hour time frame. As you can see, the price is fluctuating on the resistance zone. If it can stabilize above the resistance line, we can advance to the second resistance line. But if it cannot stabilize above the resistance line, it can pull back to its first support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care