The price has been falling in the channel for the last month.
Let's analyze it taking into account regression.
The Pearson correlation coefficient is very large - 0.958.
It's close to 1.
This is a strong channel.
This indicator speaks of steady growth.
Based on this, we can expect the price to return to resistance.
And in this position, you can open a purchase.
SL - 0.862.
TP - 0.872.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Let's analyze it taking into account regression.
The Pearson correlation coefficient is very large - 0.958.
It's close to 1.
This is a strong channel.
This indicator speaks of steady growth.
Based on this, we can expect the price to return to resistance.
And in this position, you can open a purchase.
SL - 0.862.
TP - 0.872.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
