WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern We've got 2 things that could happen:
It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case:
Bearish target would be: 0.15 - 0.17 area
It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place.
Bullish Target : 0.26 - 0.30 area
Happy trading and I'll keep updating as I see points of interest.
Regards,
🕯️ Kina 🕯️