Here we have a clear descending channel, with strong support at the bottom at 0.70.
We pushed right up last week to test the highs almost, but on the 4hr you can see we run into strong resistance, consolidating at the top.
Price looks to be forming a bull flag on the 4hr, only confirmed with a break above structure though.
Sells valid below the red line.
We pushed right up last week to test the highs almost, but on the 4hr you can see we run into strong resistance, consolidating at the top.
Price looks to be forming a bull flag on the 4hr, only confirmed with a break above structure though.
Sells valid below the red line.