In this picture, both the trend line and the channel line (with a slight tolerance) are formed in a downward direction and each one is formed with two collisions. If a third point is formed that confirms the trend line, then the growth of the cryptocurrency market can be viewed with a positive view. Of course, the inflation conditions of the United States always overshadow the market, but maybe the people of the market have come to the conclusion that they should act in a different way.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.