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Alikze »» MAVIA | Descending channel failure.?

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🔍 Technical analysis: Descending channel failure.?

- It is moving in a descending channel in the 8H time frame.

- There is a demand in the green box and the middle of the channel.

- It is currently at the ceiling of the descending channel.

- Due to the upward momentum, it can continue its growth after breaking the channel with the limited support of 1.56 to the specified supply area.

💎 Alternative scenario: In addition, if it faces selling pressure in the area of the ceiling of the channel and stabilizes below the range of 1.56, it can continue the correction to the middle area of the channel and the green box.
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註釋

In accordance with the predicted movement path, maintaining the 1.56 area and breaking the dynamic trigger, it has already experienced more than 48% growth up to the supply area.