prices is in channel in 4h chart
as I pointed on the chart , on the last bearish rally we couldn't reach the channel support line , and that's a reliable signal that price is going to reverse up
many times when something like this happens that price is unable to reach on side of the channel , it will break it from the other side
and we are seeing good momentum on the way up , so I think we are going to break channel's upper resistance line
in this case I'm bullish on this pair
good for bulls
THIS IS JUST AN ANALYSIS...
as I pointed on the chart , on the last bearish rally we couldn't reach the channel support line , and that's a reliable signal that price is going to reverse up
many times when something like this happens that price is unable to reach on side of the channel , it will break it from the other side
and we are seeing good momentum on the way up , so I think we are going to break channel's upper resistance line
in this case I'm bullish on this pair
good for bulls
THIS IS JUST AN ANALYSIS...