Channel possibilities.
Currently there is resistance at the descending channel's top (will this prove to be the descending channel going forward?).
If not, we can expect the current ascending channel to become less steep or to maintain an upward trajectory in the steeper ascending channel.
A bit of a bull flag (high and tight) the last four bar before today's. The current daily bar is in the top half of the flag range and the positioning would indicate we break upward (perhaps keep the steep ascending channel...only to be confirmed after retesting if you want to safe-ishly place a monitored long trade). Confirmation of this might take several days upon trendline break since it's the daily channel.
Hope this provided some possible insights.

Currently there is resistance at the descending channel's top (will this prove to be the descending channel going forward?).
If not, we can expect the current ascending channel to become less steep or to maintain an upward trajectory in the steeper ascending channel.
A bit of a bull flag (high and tight) the last four bar before today's. The current daily bar is in the top half of the flag range and the positioning would indicate we break upward (perhaps keep the steep ascending channel...only to be confirmed after retesting if you want to safe-ishly place a monitored long trade). Confirmation of this might take several days upon trendline break since it's the daily channel.
Hope this provided some possible insights.
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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.
Disclaimer
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.