Price got rejected heavily from the resistance area at $2.27 and it is currently moving down. MACD is preparing to turn bearish, RSI is bought and EMAs are bullish. I am expecting price to reach the 4h demand zone at $2.08 before continuing with the bullish movements. We would be looking to long from that area depending on overall market conditions.
Price got rejected heavily from the resistance area at $2.27 and it is currently moving down. MACD is preparing to turn bearish, RSI is bought and EMAs are bullish. I am expecting price to reach the 4h demand zone at $2.08 before continuing with the bullish movements. We would be looking to long from that area depending on overall market conditions.