The parallel ascending channel has not been broken yet. one important thing to look at is the midline. the Alt Season moonboys need to pay attention to the midline of this channel. if dominance breaks above the midline resistance there's a chance the Big D is going to visit the top of the channel. for now i would not say we are headed to the top of the channel. i will patiently sit and look at how the price action will react to the midline. if the midline acts as a resistance again, then the chance for the d to hit the top of the channel will reduce.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.