Based on the current situation, the price still in a descending channel of consolidation stage but the price are showing multiple bullish sign that might happen if
- With respect to the head and shoulder pattern, price broke out the small descending channel and form correction before the bull run.
- Price broke out the bigger time frame descending channel and correction to continue the next impulsive move.
Although overall analysis are bullish, it is possible that price might continue to consolidate within the descending channel but watch out for the potential bullish entry.
- With respect to the head and shoulder pattern, price broke out the small descending channel and form correction before the bull run.
- Price broke out the bigger time frame descending channel and correction to continue the next impulsive move.
Although overall analysis are bullish, it is possible that price might continue to consolidate within the descending channel but watch out for the potential bullish entry.