Alikze »» ENS | Ascending channel

30 giu

🔍 Technical analysis: Ascending channel

- It is moving in an ascending channel in the daily time frame.

- It is currently located in the supply area and the roof of the channel.

- If it can be placed above the supply area and break the ceiling, it can touch the targets of 37.5 - 43.75.

💎 Alternative scenario: if it faces selling pressure in the supply area and the ceiling of the channel, it can have downward targets of 25 and then the middle of the channel and the green box.

🛑 Resistance range: 28 - 31.25

🟩 Support range: 18.75 - 22

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3 lug

Nota

After not stabilizing above the supply area and the ceiling of the channel, it has faced selling pressure, which is going through the second path of movement.

5 lug

Trade chiuso: obiettivo raggiunto

According to the movement path, after the lack of ability and high stabilization of the supply area, as well as the failure of the channel, with the increase in sales pressure, it has followed the corrective movement path and touched the target by more than 34%.
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