In addition to the formation of a triangle and a global downward channel, the price forms another, more global and more downward channel. Notice how exactly the price touched resistance after sold out of one of the main whales - this means the channel is valid, since at such a time interval the price did not violate the channel structure.
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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.