The price has reached the midline of the 4-hour channel, and buying volume has decreased in this area.
We need to see whether the price can break above the midline or not.
If it breaks to the upside, our first target will be the top of the channel.
If it gets rejected, our target will be the bottom of the channel.
We need to see whether the price can break above the midline or not.
If it breaks to the upside, our first target will be the top of the channel.
If it gets rejected, our target will be the bottom of the channel.
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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.