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🔍 Technical analysis: Descending channel
- It has been moving in an ascending channel in the 1W time frame.
- In the short term after the break of the descending channel, as you can see, it is moving within a descending channel.
- After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone.
- In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel.
⛳️ Upside targets: 4.65 - 5.08 - 5.47
⛳️ Downside targets: 2.74 - 2.35 - 1.95
💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later.
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Alikze.
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- It has been moving in an ascending channel in the 1W time frame.
- In the short term after the break of the descending channel, as you can see, it is moving within a descending channel.
- After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone.
- In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel.
⛳️ Upside targets: 4.65 - 5.08 - 5.47
⛳️ Downside targets: 2.74 - 2.35 - 1.95
💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
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Selling position with more than 26% correction...Ghi chú
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