Daily Chart Explanation:
🔸 Price has reached the bottom of the Descending Channel
, where it was rejected.
🔸 It started a bullish
move, which broke the Resistance Zone
(now Support Zone
🔸 The target of the upside move is the upper Descending Trendline
of the channel.
🔸 We will look for a lower timeframe bullish
4H CHART ANALYSIS: