Ascending Channel:
- The price has been moving inside a rising (bullish) channel since mid-April 2025.
- If this channel holds as support, the price may bounce upward again, continuing the uptrend.
- If it breaks below the channel, this could signal a trend reversal or deeper correction.
Tips
- Trend followers may look to buy on dips near the lower channel line.
- Breakout traders should watch for moves outside the lower channel line.
- The price has been moving inside a rising (bullish) channel since mid-April 2025.
- If this channel holds as support, the price may bounce upward again, continuing the uptrend.
- If it breaks below the channel, this could signal a trend reversal or deeper correction.
Tips
- Trend followers may look to buy on dips near the lower channel line.
- Breakout traders should watch for moves outside the lower channel line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.