Merry Christmas to everyone ๐ผ
As expected, we saw a rebound upward from the support zone and completely formed the โdouble bottomโ reversal pattern, all that remains is to break through above the base of the pattern.
โ๏ธ However, near the base of the pattern there are also MA50-100-200 and Ichimoku Cloud on the 4-hour chart, which additionally serve as strong resistance.
Therefore, it may not be so easy to break through. But if it happens, the upward movement will not take long to work out. When breaking through 99-100K, I expect growth to the 106-108K area , and in the best case, to 110-111K, where the ascending resistance line passes.