DeGRAM

US30 will continue moving in channel

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In June 2020, the price fell into an upward channel, in which it is now moving.
As it usually happens (in addition to the resistance and support lines), a support-resistance zone has also formed in the channel, almost in the very center.
In early November, another small ascending channel formed in the area of ​​this zone.
This delayed the price and slowed its growth.
The price touched the resistance line (the line of the smallest channel) 30252 and began to fall.
I expect it to fall to the support line (also a smaller channel) at 29322, and then rise to the border of the main channel.
The target is the resistance line 30876.

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