The price seems to be moving up in a bullish channel, the price has moved down towards the support level of the channel, there is also a support level that will be touched at the same time as the support level of the channel, this means the price is very unlikely to be able to break this support level and move lower. I believe the price would move down to the support level and then the price would move up once again, just like it has done in the past, I think this channel would hold for a little while longer. I will keep this post updated and post any fundamentals or patterns I spot over the coming weeks.