We can expect to scearios to occur.
Scenario 1: The price can either go to the top of the uptrending big channel; and reject the resistance, bouncing back to the downside, or to breakthrough and continue with the bullish momentum.
Scenario 2: Price could either move downwards and break the resistance on the small channel, and continue going down, or reject the bottom resistance of that trendline and go up.
My bias is short as i expect the price to go up an fail to penetrate the resistance of the ascending big channel
Scenario 1: The price can either go to the top of the uptrending big channel; and reject the resistance, bouncing back to the downside, or to breakthrough and continue with the bullish momentum.
Scenario 2: Price could either move downwards and break the resistance on the small channel, and continue going down, or reject the bottom resistance of that trendline and go up.
My bias is short as i expect the price to go up an fail to penetrate the resistance of the ascending big channel