STRK / TetherUS
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Alikze »» STRK | Descending channel

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🔍 Technical analysis: Descending channel

- It is moving in a downward channel in the daily and 12H time frames.

- Currently, there is a demand in the green box and the bottom of the descending channel.

- After the demand in the green box area, it has re-entered the descending channel.

- According to the current structure, it can grow up to the middle of the channel and the range of 0.78 after the pullback.

- If it can stabilize above the 0.78 area, it can continue its growth until the neck line area and the supply area.

💎 In addition, if the green box is broken, the downward trend can continue up to the 0.39 area.
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