hey friends this is a hope you're well and welcome with a new update on Oasis as in my earlier video I was showing you that recently on a daily time frame chart Oasis broke out another down Channel and this was my last video by the way and now if you take a look at the live chart then you can see that after the breakout from this channel we had a nice short rally uh by the way from uh this lad to here you can see that it falls almost 70% pump but the price L did not continue this move to the upside drop down and tested this quite longterm support of 8.5 Cents by it uh this support this recent swing low that is approximately 8 cents uh this was the recent swing L before breaking out this channel will be working as a very very strong support therefore now we need to keep an eye on this support level of 8 cents if the price then breaks down this level then um this breakout from this channel will be invalidated and if you are trading this breakout from this channel then you should set your stop loss below this level of 8 cents as well and in today's video we will analyze this move and I would also like to show you once again a very very massive breakout that has happened on the seven days time frame chart from a very very big uh desending triangle as well but before starting this analysis if you are not subscribed to my channel then do subscribe it and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I'm sharing different trading signal for you and you can find a link to join me there in the video description I've shared and if you would like to see how my trading signal worked then I've also shared the link for the trading signal report for the previous month of May 2024 in the video description you just need to open that report and if you would like to check or verify any trading signal like this the trade setup for ldo we just need to click on the link for the trade setup and it will take you to the trading views chart and on this chart you can see when I shared this signal and you can also want the complete trade setup as well like in this case I shared this signal on 23rd of May 2024 and you can also want the complete trade setup as well like this was the buying on and the sell Targets on and the stop loss and in order to see how the price line moved after sharing this signal you need to click this button and after that it will show you how the price line moved up from the buying onone uh from this potential reversal onone and read the sell Target Zone this was the sell Target Zone by the way that was starting from $29.9 and goes to $23.38 cents and you can see that the price and ried even beyond that Target now let me to take you to the live chart of Wes and here on this 7 Days time frame chart it has already broken out a very very big descending triangle but first I would like to show you a daily time frame chart where uh Oasis has broken out a down Channel and within few moments when the chart will be switched to the Daily time frame chart then you will be able to watch that move this was the down Channel by the way that we are about to watch on The Daily time frame chart here you can see that for the past s days since after 1st of March 2024 it f moving inside this Channel and you can see that we got stable rejections and few bounces from the support as well here by the way we had a fake out but the price and tested this long-term support of 8.5 cents recovered back very soon reentered the channel and broke out the resistance then we had a nice short rally but again the price and has dropped down at the support of 8.5 Cents by the way uh this support will be more important uh that is proximately at 8 cent that is the recent swing low before breaking out this channel therefore if you are trading this breakout from this channel then you can set your stop loss below this support of 8 cents and now if you take a look at the technical Target for this breakout from this channel that is here at the top of the channel that is approximately at uh 18.5 cents to 19 cents at 18.5 cents we have a very very long-term resistance as well and here on the 7 Days time frame chart you can see that this 18.5 cents has been previously breaking at a very very strong support here and support here here therefore again it can work as a resistance you can see it worked as a resistance here after this huge rally when we broke out this triangle then you can see that we had a very powerful rally that was more than 391 per but the priceon could not break out this resistance of uh 18.5 cents then it got stuck inside this channel therefore again it can break as a very strong resistance and in order to continue this Val to the outside we will need to break out this resistance of 18.5 C now if we take a look at the final Target for this very very massive breakout from this big descending triangle that is happened on this 7 Days time frame chart that Target can be uh here that will be approximately at 50 cents so this was the update so far I hope that you like the elsis then do hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I'm sharing different trading signal for you and you can find a link to join me there in the videoos description I've shared take care here goodbye