The week starts with good news! See how well the last idea went in the direction of my arrows. This is a cool result.
As we can see, the price continues to move in the channel. On February 6 and 7, there were false breakouts of the channel lines. Why am I saying this? Because now the price has broken through the upper channel line. There is no need to be scared and the price is not going to leave the channel yet. This is a false breakout that will soon end. The price will remain in the channel for some time.
The price bounced off the lower channel line and started to rise to the upper channel line. As I said, the upper line was broken. Today I expect the price to start falling towards the lower channel line. As for me, this will be a profitable drop in price.📉