Back to Blog

Moving towards the channel’s lower boundary

Moving towards the channel’s lower boundaryANKR is trading within a descending channel, indicating strong selling pressure. The price is nearing the channel's lower boundary, with possible scenarios including a rebound towards the channel’s ceiling or a break below the lower boundary, reinforcing the downtrend.9/4/20241 min read

Ready to Trade?

Get professional trading signals delivered to your Telegram.

View Plans