Descending channel
As you can see in the chart, "SLP" is currently in a Descending channel.
The most likely scenario is the green option, which will soon break up the channel and increase.
Otherwise, it takes the second scenario and the red trend.
Let us take a closer look at the channel:
Now let's look at it in a longer way:
As you can see, we are still at the top of the yellow curve that I mentioned long ago in previous analyzes.
The yellow curve, the triangle that broke, and of course it was a fake break.
The price is higher than the yellow curve and promising.
Now from afar:
We are still at the lowest price level at which most trades are made.
The most likely scenario is the green option, which will soon break up the channel and increase.
Otherwise, it takes the second scenario and the red trend.
Let us take a closer look at the channel:
Now let's look at it in a longer way:
As you can see, we are still at the top of the yellow curve that I mentioned long ago in previous analyzes.
The yellow curve, the triangle that broke, and of course it was a fake break.
The price is higher than the yellow curve and promising.
Now from afar:
We are still at the lowest price level at which most trades are made.
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