I DO NOT BELIEVE my eyes !! How is THIS possible???

About a year ago, I published the strategy of moving channels in the Binance Blog.

I've often been convinced that if you don't force anything and build the channels correctly, they perform quite well over certain periods of time and with specific coins...

And here we go again !!

See the chart. The channel built on points 1-2-3 confidently reached point 4, and those who opened below the previous maximum could take excellent profit... and since a Head and Shoulders formed at the channel boundary, it would have been foolish to open upwards at point 4...

Let’s calculate the profit... it equals 33.5-21 = 12500 points... not too shabby...

After the working out of the Head and Shoulders, point 5 appeared and a new minimum, thus it was possible to build the channel 2-3-5

And what do we see today.... The perfect touch of the channel boundary at point 6...

I just can’t believe my eyes!!! Someone will say, who sees this pattern for the first time!! How is that? Why is it like this?

You will find answers to these questions when you start studying Technical Analysis...

Some don’t believe in it, others do, I personally take what works and use it in trading...

Is it just a coincidence? But I don’t think it’s a coincidence..., such coincidences happen too often.

Although what’s surprising, I’ve been writing for over a year that the strategy of moving channels is quite simple and at the same time interesting with such coincidences...

I usually don’t make forecasts, but I’m really curious to check myself here...

What are the further options for the development of events?

Option 1

The price will not break the maximum 34.88 and will stay in a flat, squeezing the shorts for some time until it crashes to the lower boundary of the channel, approximately to 15

Option 2

The price will break the maximum, "take out" all the shorts, gathering liquidations and then will fly to 15

Option 3.

The price will break the maximum and will fly to 150 )) To the moon ))

Vote in the comments... It will be interesting to see in a couple of weeks who was right.