After making a multi-timeframe analysis, we had identified that the price is currently consolidating in a sideways moving range, and the sentiment of the market has turned bullish. We are closely monitoring the price and expecting a drop to occur, which will push the price lower till the lower boundary of the consolidation box. From there, we will look forward to opening BUY positions and aiming for the zone identified on the chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.