Scenario 1.: Price will soon continue up within an ascending channel (bullish scenario).
Scenario 2.: Breaking down the ascending channel could push price lower (bearish scenario).
(NOTE: This post is not the trading idea.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.