Macro is still bearish with repeating rise in RSI then drop. Price was rejected by the cloud resistance and sliding down the cloud support. there is real bearish divergence on the 4H. Price action is following a curved decent down. if price goes down to 0.17, it will form a head and shoulders with a target in the 0.1 area.
Price action might show bullishness if it breaks above of 0.21 and cloud resistance, retest it and get supported. in case of a break out it will form a bearish harmonic, a W pattern.
Price action might show bullishness if it breaks above of 0.21 and cloud resistance, retest it and get supported. in case of a break out it will form a bearish harmonic, a W pattern.
