As we can see in the chart, it is in a descending channel that has reacted to the support range. If this range is maintained, there is a possibility of climbing to the ceiling of the canal and reaching the OB range is more likely to climb. Otherwise, with the loss of the support range, the possibility of falling to the bottom of the canal is not far from expectation.
Its not Buy or Sell SIGNAL
DYOR
BY: Mohamad Teriz - AtonicShark
Its not Buy or Sell SIGNAL
DYOR
BY: Mohamad Teriz - AtonicShark
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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.