Here's our take on that pair:
Price is currently within an ascending channel and has touched the upper trend line resistance for 2 times. Now, price is approaching the upside and might form a double top right at the 78.60% Fib retracement level of the large bearish move last Mar 09-19, 2020. However, if price breaks the 78.60% resistance level , we might see another push to the upper trend line of the ascending channel , which might also form a bigger double top pattern.
Here's our take on that pair:
Price is currently within an ascending channel and has touched the upper trend line resistance for 2 times. Now, price is approaching the upside and might form a double top right at the 78.60% Fib retracement level of the large bearish move last Mar 09-19, 2020. However, if price breaks the 78.60% resistance level , we might see another push to the upper trend line of the ascending channel , which might also form a bigger double top pattern.