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Broken Upper Channel Turns into Support
Upper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support).
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is currently oversold, prepare to add when stochastics <80.
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is currently oversold, prepare to add when stochastics <80.
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