As we can see in the chart, we are in a descending channel that has reached an important support area. If it loses this important range, it will fall more and if the buyers support, we can increase the price up to the ceiling of the channel.
If the roof of the channel breaks up and goes out of the resistance range, a buy offer is given.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - AtonicShark
If the roof of the channel breaks up and goes out of the resistance range, a buy offer is given.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - AtonicShark
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Related publications
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.