"Although an ascending channel usually breaks from the bottom to establish a new trend, sometimes the price can create a fake breakout and return to the channel. Therefore, I'm considering this chart as a potentially favorable position for opening a long position.
Please note that this is not financial advice; it's simply a position that appears favorable to me."
As a technical analyst that uses classic technical and little price action, I can see the rising wedge as the picture that attaches to the chart, and often time as we know rising wedge pattern break from the bottom and go down.
just time can show us whether the analysis is correct or not
thank you.
