Kore VS Bitcoin Ascending Channel

Kore coin has found the bottom at 21k satoshis after which price started to move higher. Throughout the past 6 months, KORE/BTS has been trading withing the ascending channel and continues to rejected the uptrend trendline .

The most recent close above the 200 Moving Average suggest that the price is likely to start moving upwards, perhaps to produce a double top at the 38.2% Fibonacci retracement level, that is 87.7k satoshis.

However, if the uptrend trendline is penetrated, Kore coin could continue moving lower, towards 20k satoshis support area and even lower.
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