CKBUSD has formed two nice double bottoms, on a bit of a lean
The first double bottom led to a nice run, with a small pause in the middle of the channel that can be drawn
Applying this to the second double bottom we can assume that this 'pause' occurs at the lower band of the channel
After this, price should continue upwards, possibly even breaking the channel.
This is contrary to my last analysis on the coin. However I have taken another look and changed my mind.
The first double bottom led to a nice run, with a small pause in the middle of the channel that can be drawn
Applying this to the second double bottom we can assume that this 'pause' occurs at the lower band of the channel
After this, price should continue upwards, possibly even breaking the channel.
This is contrary to my last analysis on the coin. However I have taken another look and changed my mind.
