Hello dear traders!
The global trend is bullish, the local trend is bearish. The fundamentals are neutral (for now).
Overall, the adjustment period is not over yet. In this scenario, there is a high possibility that the price will test the channel's support and form an uptrend.
In the scenario mentioned above we want to mention the breaking of the descending channel, which brings in buyer force! But the scenario is one I don't think will happen now.
Speaking of a "flag pattern" breakout, this scenario presents an interesting opportunity for traders looking for significant upside price movements.
The global trend is bullish, the local trend is bearish. The fundamentals are neutral (for now).
Overall, the adjustment period is not over yet. In this scenario, there is a high possibility that the price will test the channel's support and form an uptrend.
In the scenario mentioned above we want to mention the breaking of the descending channel, which brings in buyer force! But the scenario is one I don't think will happen now.
Speaking of a "flag pattern" breakout, this scenario presents an interesting opportunity for traders looking for significant upside price movements.
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