Trading recommendations:
According to the H4 time frame, I found a well defined upward channel and the price did successful rejection of the upper diagonal of the channel which is a sign that sellers became active. I also found that price is trying to break the lower diagonal of the channel. If you see a valid breakout of the upward channel, watch for selling opportunities. The downward targets are set at the price of $8.724 and at the price of $7.742.
Support/Resistance
$9.700 – Intraday resistance
$8.724– Intraday support
$8.724 – Objective target 1
$7.742 – Objective target 2
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