US30 will continue moving in channel
In June 2020, the price fell into an upward channel, in which it is now moving.
As it usually happens (in addition to the resistance and support lines), a support-resistance zone has also formed in the channel, almost in the very center.
In early November, another small ascending channel formed in the area of this zone.
This delayed the price and slowed its growth.
The price touched the resistance line (the line of the smallest channel) 30252 and began to fall.
I expect it to fall to the support line (also a smaller channel) at 29322, and then rise to the border of the main channel.
The target is the resistance line 30876.
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As it usually happens (in addition to the resistance and support lines), a support-resistance zone has also formed in the channel, almost in the very center.
In early November, another small ascending channel formed in the area of this zone.
This delayed the price and slowed its growth.
The price touched the resistance line (the line of the smallest channel) 30252 and began to fall.
I expect it to fall to the support line (also a smaller channel) at 29322, and then rise to the border of the main channel.
The target is the resistance line 30876.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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