The price did breakout from the channel
and it is doing retest move at this point.
I think aroun 1700 sats. will be nice entry point.
Stop level is under trend line.
I will also post the general view of the chart, check below the page for it.
Buy pressure showed itself from very strong yellow support level and pushed the price over the resistance level.
The price is doing retest move on current price, I think it will continue to go up at least to 1.22-24 resistance level.
Stop level is under support level which is around 1.04-05
As long as the price stay below 1.3820 resistance level, it will test the white trend line. If the price will cross the trend line downward, next target will be next support line which is around 1.3610 level.
We can also expect that the price can touch the main trend line (yellow) for long term expectations. White trend line is getting more important for this idea.
Probably the price will retest to the trend line. If the price will not cross the resistance line the analyse will work.
Entry point is the resistance line level which is around 1.013-1.014 and stop level is over 1.01670
it looks like the price is retesting previous support line as resistance line.
If the price won't cross the yellow line upwards, Peso will gain power again to the lower boundary of the big triangle.
If the price cross the yellow line upwards, stop order will work
Chart is showing really great profit potential.
Stop level area is under white trend line.
If price keep continue to down move, probably it will touch to yellow line for testing it as main support line.