Breaking out of the channel?
[img]https://media.giphy.com/media/3o85xoSCAZCXrUHjpu/giphy.gif[/ img]
What price is the break?
I don't really know what are channels either, and some of the technical analysis can be just bonkers...
I suppose the channel depends upon which graph?
Based on previous resistance points, we gotta break $425, then $450, then $467, then $650.............
We gotta get passed three barriers (which are probably not insignificant) before we experience a mini explosion...
Probably we are well on our our way to testing the $425 point within the next 48 hours... which is maybe a a 50/50 one to break,
then $450 is probably less than 30/70 to be able to break that one within the next couple of weeks...
Maybe I am too pessimistic? Anyone else?