Daily Price has broken out of bearish channel & tested for support. Higher high and high low pattern formed on daily. Resistance and Support shown w/ red & blue line. If price holds here we have formed our higher low, a break and close above 0.00034125 and we are on track to set a new (HH) on the daily, and activates our trade.
4Hour Switching over to our pattern timeframe we price has broken out of the bearish parallel channel and has structured into a bullish parallel channel. A close above 0.00034125 on the 4hour should trigger another leg in this bullish channel.
Hourly Finally looking at our trigger timeframe we see a minor resistance @ 0.00033400 a minor support @ 0.00032500. Early entry w/ a close above 0.00033400, looking at our stochastic RSI indicator we see momentum has shifted towards the upside.
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