FLUX/USDT 1h: testing the top of a descending channel. đ
After a day of lower highs, a large green candle on the heaviest volume of the session pushed price up to the upper line near 0.0568. The lower line is around 0.0544.
The upper line has been touched 4 times and the lower only 2. A channel is only broken when price closes beyond a line, so a touch isn't enough.
Spotted with ChartScout's pattern scanner (free trial in our profile).
#flux #chartpatterns #TechnicalAnalysis #ChartScout
After a day of lower highs, a large green candle on the heaviest volume of the session pushed price up to the upper line near 0.0568. The lower line is around 0.0544.
The upper line has been touched 4 times and the lower only 2. A channel is only broken when price closes beyond a line, so a touch isn't enough.
Spotted with ChartScout's pattern scanner (free trial in our profile).
#flux #chartpatterns #TechnicalAnalysis #ChartScout
