Alikze »» EDU | Descending channel

7월 6일

🔍 Technical analysis: Descending channel

- It is moving in a descending channel in the 8H time frame.

- At the bottom of the channel, a strong buying pressure candle has been encountered.

- Currently, we have to wait for the failure of the supply zone to exit the downward channel.

- If the supply zone breaks, it can have the targets of 0.9769 and 1.1719.

💎 Alternative scenario: In addition, if it encounters selling in the middle of the channel and below the supply range, it can retest the bottom of the channel. The first target of the downtrend will be the 0.39 range.

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11월 15일

액티브 트레이드

The downside target was touched at 0.3907. Currently, according to the momentum, it can break the supply area for the ceiling of the descending channel.