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PARALLEL CHANNEL A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy. A channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines at least twice.

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Head and Shoulders Pattern Understanding a Head and Shoulders Pattern The head and shoulders pattern forms when a stock's price rises to a peak and subsequently declines back to the base of the prior up-move. Then, the price rises above the former peak to form the "nose" and then again declines back to the original base. Finally, the stock price rises again, but...

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It is a downward trend until it breaks the blue line

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TRXUSDT That is, from which direction it comes out

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It is currently in a short-term uptrend channel and is on the midline. On the other hand, it has entered its previous benefit channel and now it is at the bottom of the channel.

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We have reached a strong resistance range Which must be broken with a strong candlestick And let's decide on the next candle Note the double RSI

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This chart is from my point of view. Enter into a deal with your analysis and research

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btcusd