welcome everybody
On the long time frame and in the final upward channel the chart is moving in a large upward channel
There seems to be a sign of overbought in the areas of 3.70-3.75
We have reached the ceiling of the price channel (3.75), and it seems that we are unable to breach this area
Therefore, the possibility of a decline will be stronger than an increase.
A large zigzag drop is expected over the higher time to the main support area (3.00).
30% chance of going up
70% chance of landing
God knows
Disclaimer: This analysis is not financial advice.
Win-win trading and good luck
On the long time frame and in the final upward channel the chart is moving in a large upward channel
There seems to be a sign of overbought in the areas of 3.70-3.75
We have reached the ceiling of the price channel (3.75), and it seems that we are unable to breach this area
Therefore, the possibility of a decline will be stronger than an increase.
A large zigzag drop is expected over the higher time to the main support area (3.00).
30% chance of going up
70% chance of landing
God knows
Disclaimer: This analysis is not financial advice.
Win-win trading and good luck