Hi guys! if you saw this Technical Analysis! you will thank me later!
Based on this, HIGH is currently consolidating in this Huge Daily Descending Channel. Currently HIGH is tapping the third time the resistance of this channel.
There are 2 scenario in my T.A
one, if HIGH breaks this resistance and make a S/R flip or flip the resistance. it will most likely pump and move based on the upward arrow above the resistance of the channel.
Second. Rejection at this resistance. then it will drop like the downward arrow down to the demand zone where you can buy a lot and the most time to buy. with that, it will make a huge bullish divergence ready to break the resistance of the channel for the fourth time!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.