I have a lower position on this coin but think that it now has a valid breakout. The inner (straight up) channel is probably a pipe dream but as long as prices stay withing the outer channel the world is harmonious. Trade as you wish within the inside/outside channels, always limit your risk.
How do you determine where the bottom blue line goes through. I understand the top line is touching all the highpoint but the bottom one is going straight through the candles. If you dont understand my question I will happily restate it better.