Updated
MDA Descending Channel
MDA tried to break descending channel but first attempt looks like unsuccessful. If it can break channel resistance with 4h close i can buy it or if it goes down to channel support i can buy it again. It is more possible to go to channel support also test fib 0.618 level. Waiting for trade. it is not trade advice only my opinions.
Trade active
it break the channel resistance and rocketed traded again 28500 sa. important levels 33333 and 35000
Note
33333 reached. it is also tested 4h ichimoku cloud resistance. possibly will test again.Note
Now it looks like drawing an ascending channel at 1h chart. If it is an ascending channel it can go to 28200 sat and then 35000 sat. If it goes 28200 and bounce from channel support line i can buy it again. Not a trade advice.
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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.