4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price is on an ascending channel.
-Currently, the price is above the support zone.
-We can observe a Flag formation which is considered a Continuation pattern.
-On MACD we can see a Bearish Divergence
Based on this we think the price still has upside potential towards the upper trendline of the ascending channel. But after that we expect the price to retest the Support zone and the lower trendline of the ascending channel.
MULTI TIMEFRAME VISION:
Weekly:
Daily:
Main Items we Observe on the Chart:
-Price is on an ascending channel.
-Currently, the price is above the support zone.
-We can observe a Flag formation which is considered a Continuation pattern.
-On MACD we can see a Bearish Divergence
Based on this we think the price still has upside potential towards the upper trendline of the ascending channel. But after that we expect the price to retest the Support zone and the lower trendline of the ascending channel.
MULTI TIMEFRAME VISION:
Weekly:
Daily:
