A well confirmed DESCENDING CHANNEL is continuing consistently on the 1 hour , as well as on the 4 Hour TF-s.
As the price HAS BEEN REJECTED on the upper Resistance trendline , the price proceeds to the LOWER Support Trendline.
The Closest Intersection with the Lower Trendline will be at about 18,675 and lower price.
As the price HAS BEEN REJECTED on the upper Resistance trendline , the price proceeds to the LOWER Support Trendline.
The Closest Intersection with the Lower Trendline will be at about 18,675 and lower price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.