US30 fix on RESISTANCE line and FALL

19 gen 2021After the collapse in October last year, the price showed strong growth and in the course of this growth came to the resistance line 30099. This strong line has existed since August 2020, so it was not surprising that it stopped the price growth.

From this line the price fell to the support line 28875. And thus, in October, an upward channel began to form, in which the price is moving today.

In early January, the price broke through the resistance line - the upper border of this channel at point 30847 and for two weeks moved above this line. However, the price did not have enough strength for serious growth, the breakout turned out to be false and at the end of last week the price broke through the line again and returned to the channel.

The other day the price has consolidated on the line at point 31001 and now I expect it to fall from this line to the support line 30231.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻