Hello Amigo’s!
WanChain is on the daily chart in a downtrend but if you zoom out to the weekly chart we are trying to set a higher low. We rejected from a major resistance area but we are still respecting the support line of a upward channel. Beside that we also retested a broken trendline.
In case support of the channel can hold, I expect a rise to resistance of the channel somewhere around 0.1850
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WanChain is on the daily chart in a downtrend but if you zoom out to the weekly chart we are trying to set a higher low. We rejected from a major resistance area but we are still respecting the support line of a upward channel. Beside that we also retested a broken trendline.
In case support of the channel can hold, I expect a rise to resistance of the channel somewhere around 0.1850
If this idea was helpful to you then please push the like and follow button, it makes a huge difference.