Out of the Channel now. Is it going to continue?
Hi guys,
after consolidating in a parallel channel for about 40 days, price has finally managed to break to the upside, and also managed to have a daily close above this upper line. This means only one thing: it wants to go higher, and therefore i'm waiting to see a small retracement and then, if conditions will be met, i'm buying this up hoping for a big rally out of the next weeks. Potentially we have a lot of space and there's chance to expolit the market in these situations. I'll keep you updated if i'll find a reason to entry.
If you want to make questions, feel free to comment below.
Otherwise, see you in the next chart!
after consolidating in a parallel channel for about 40 days, price has finally managed to break to the upside, and also managed to have a daily close above this upper line. This means only one thing: it wants to go higher, and therefore i'm waiting to see a small retracement and then, if conditions will be met, i'm buying this up hoping for a big rally out of the next weeks. Potentially we have a lot of space and there's chance to expolit the market in these situations. I'll keep you updated if i'll find a reason to entry.
If you want to make questions, feel free to comment below.
Otherwise, see you in the next chart!