Technical analysis: 1H ascending channel
– It is moving in an ascending channel in the 1H time frame.
– After the formation of a triple roof in the area of the canal roof, it has been modified.
– A demand has been created in the range of the green box.
– Therefore, with a short-term correction, it can grow first to the middle of the channel and then to the ceiling of the channel.
Alternative scenario: In addition, if the green box is broken, it can continue the correction step until the correction request area.
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