Alikze »» FORTH | Descending channel

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🔍 Technical analysis: Descending channel

- The 4H frame time is moving in a descending channel.

- Currently, in a limited range, the rangeing of a corporate pattern can have a downward refinement by testing the area.

- Therefore, if it is exposed to a sales pressure after colliding with a dynamic trigger and the range of sale, it can have a 273 and green box.

💎 Alternative scenario: If it can defeat the red box and the dynamic trigger, it can test the decline channel roof.

🛑 Resistance range: 3.22 - 3.32

🟩 Support range: 2.54-2.64

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