📈 Technical Setup: EWJ/USDT (1h Timeframe)
A Channel Up Pattern is currently active on the 1-hour chart for EWJ/USDT.
Key Technical Highlights:
• Pattern Type: Channel Up (Ascending Channel)
• Resistance Touches: 3
• Support Touches: 6
• Current Zone: Bouncing off lower channel support (91.80 USDT)
EWJ continues to respect an ascending channel structure, with lower support retested 6 times. Price action recently reacted off the 91.80 USDT support line with a strong bullish 1h candle toward 92.10 USDT. Holding above ascending support maintains the upward structure toward upper channel resistance (~92.15 - 92.20 USDT).
Are you expecting a continuation toward upper channel resistance?
DYOR
#ChartScout #dyor #EWJ #BinanceSquare #cryptotrading
A Channel Up Pattern is currently active on the 1-hour chart for EWJ/USDT.
Key Technical Highlights:
• Pattern Type: Channel Up (Ascending Channel)
• Resistance Touches: 3
• Support Touches: 6
• Current Zone: Bouncing off lower channel support (91.80 USDT)
EWJ continues to respect an ascending channel structure, with lower support retested 6 times. Price action recently reacted off the 91.80 USDT support line with a strong bullish 1h candle toward 92.10 USDT. Holding above ascending support maintains the upward structure toward upper channel resistance (~92.15 - 92.20 USDT).
Are you expecting a continuation toward upper channel resistance?
DYOR
#ChartScout #dyor #EWJ #BinanceSquare #cryptotrading