I think the chart explains itself. We are at a critical moment. If price finds support on top of channel (making higher highs), then a new cycle outside of channel has begun. Expect another bull cycle?
If price does not find support on top of channel and is rejected, then we could come back down to the bottom of channel and re-test March lows.
This month will be critical to find out.
If price does not find support on top of channel and is rejected, then we could come back down to the bottom of channel and re-test March lows.
This month will be critical to find out.