An Up Channel can be plotted
Before each upward move price tests the 100MA in orange
This test (in white) then leads to a great increase
Currently price is at this testing point, which aligns also with the bottom of the up channel. Upward move is coming.
Before each upward move price tests the 100MA in orange
This test (in white) then leads to a great increase
Currently price is at this testing point, which aligns also with the bottom of the up channel. Upward move is coming.