bearish momentum from the current ascending channel is unlikely unless in the case of consolidation, which may not post a lower low, given that the local low was seen to reach 360~ if the accumulation is successful, larger moves to upside would occur.
this is the likely ascending channel that must be broken for bulls to take hold of momentum in the market
bullish break from bearish triangle accompanied with a crossover on the two hour macd. first breakout price target lies around 5, above which will occur a retest of previous ath
nearing the end of the triangle and a breakout toward 5.5 and a retest of highs around 8. based on the billion dollar volume, a move to 15 or higher may occur before entering a much longer distribution phase. potential volatility is actually very high here
the next move should bring us to the end of the triangle while expressing a common bottom-of-the-market pattern
difficult to say if the price will break from the descending channel above 6
This scenario is possible. rising volume points to a possible reversal in trend working out
a break outside of this channel will determine a reversal in trend. otherwise a break lower is expected to second and first support
trend line to pass through around 4 . likely case to 3.50 or lower. volatility may push these parameters
resistance trend line is unbroken. likely, a distribution to previous buy zone
a break outside of this parameter will determine the next target.