A breakout here woulb be ideal, but as a trader you always have to see everything as a realist (pessimisticly).
We've found support, but also resistance; the last trend is downwards, as you can see in the channel.
Apart from the black channel, there is the Gaussian channel, which is acting as support now.
The Gaussian channel is that thing you see shifting from green to red all the time.
When price touches the middle line, it acts as support as it passes it.
But it can also act as a resistance if price doesn't break out.
Tha giant channel is the macro (main) trend, upwards.
We've found support, but also resistance; the last trend is downwards, as you can see in the channel.
Apart from the black channel, there is the Gaussian channel, which is acting as support now.
The Gaussian channel is that thing you see shifting from green to red all the time.
When price touches the middle line, it acts as support as it passes it.
But it can also act as a resistance if price doesn't break out.
Tha giant channel is the macro (main) trend, upwards.