ALICE/USDT, 1H timeframe.

Price travelled from the major resistance zone at the price around 8.5000 down to 6.8000 to form a consolidation area. The price couldn't break above the minor support turned resistance. Bearish pressure took the price down to form a major support at price 4.7000. Since then, price formed a chart pattern named Pennant . A continuous bullish pressure above the resistance trendline will further push the price to the minor resistance zone . A continuous bearish pressure below the minor support zone will push the price down to the major support zone .