35+ years channel still intact. The lower channel did hold, amazing. But price still stuck in weekly range, now it should challenge last highs around 1.15. Notice that there is the highest monthly close in a year. Is a new bull cycle starting right under our noses?
The most nice thing about this channel is the proof of how technical analysis can and do work for long term studies.
Thanks for the idea mate. I like RSI, but I prefer the roots of it, the momentum. RSI is just the improved formula, I like to keep it very simple. Momentum is confirming the bottom right now and also building up the upside breakout expectations, have a look: