4 Scenarios:
GREEN: Breaks resistance and pushes towards $3200.
RED: Breaks support and will target $2200 range.
YELLOW: Consolidates in the channel and trends upwards testing the supports and resistances on the way.
BLUE: Bear trap, so it breaks support and quickly returns to the channel. As seen recently from Bitcoin.
Nfa
GREEN: Breaks resistance and pushes towards $3200.
RED: Breaks support and will target $2200 range.
YELLOW: Consolidates in the channel and trends upwards testing the supports and resistances on the way.
BLUE: Bear trap, so it breaks support and quickly returns to the channel. As seen recently from Bitcoin.
Nfa