THORCHAIN is leaving an ascending bullish continuation channel in which we see rising highs and rising lows. Within the same bullish channel we see how the price has entered a phase in which it does not look like it is going to look for the lower divergence again. In the daily chart we can see how the price has tested the 6$ zone several times. I think that if the price returns to this area can break with force, which indicates that we could go to look for at least $8.50.
For our pattern to occur we will look for a candle in TF: 240 min with decision and closing near the previous high.
For our pattern to occur we will look for a candle in TF: 240 min with decision and closing near the previous high.