At the moment the price moves in a , due to the preceding uptrend we can interprete this as a sign. This is confirmed by also beeing in the area.We expect abreakout from the . Fib may give resistance to a coming upmove of the price making it bounce back to the bottom of the channel.
In that case a new would be formed, again a . We consider a breakout to happen, causing a price move that could probably reach the red resistance line
Accum/dist is following the uptrend showing no selling pressure.
A buy order could be placed above the ascending .