Alikze »» Near | Ascending channel - 1W
2025-01-04
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🔍 Technical analysis:  Ascending channel - 1W 

 📣  BINANCE:NEARUSDT   currency is moving in an ascending channel on the weekly time frame.

🟢 After hitting the channel ceiling and the supply zone, it encountered selling pressure, which extended the correction to the middle of the channel. After that, it encountered demand again in the middle of the channel.

🟢 It is currently facing demand in the green box, which can grow to the channel ceiling in the first step and continue its growth again to the supply zone.

🟢 Considering that the supply zone and the channel ceiling have already been consumed, in case of high momentum, it will be able to break the supply zone

🟢 After that, it can grow to the next supply zone.

💎In the first step, then after breaking the ceiling of the first ascending channel, it can continue its growth to the middle of the second channel with a pullback to it and finally to the width of the first channel to a larger supply zone.
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