#MTL
We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner.
We have a support area at the lower border of the channel at 1.50
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 1.60
The first goal is 1.83
The second goal is 1.94
the third goal is 2.07
We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner.
We have a support area at the lower border of the channel at 1.50
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 1.60
The first goal is 1.83
The second goal is 1.94
the third goal is 2.07