Main items we can see on the chart:
a) The price has reached a major support zone on the weekly chart
b) We can see a clear breakout of the descending channel
c) Currently, we can see a corrective movement above the descending channel 60 days of compression
d) Based on that, if the price breaks above the compression, we expect a continuation of the bullish movement towards the next support/resistance zone
WEEKLY CHART:
a) The price has reached a major support zone on the weekly chart
b) We can see a clear breakout of the descending channel
c) Currently, we can see a corrective movement above the descending channel 60 days of compression
d) Based on that, if the price breaks above the compression, we expect a continuation of the bullish movement towards the next support/resistance zone
WEEKLY CHART: