Price was moving in an uptrend creating higher highs and higher lows, however it failed lately to break above the previous high and a support level was created at $87.2 where big liquidity is resting. MACD is showing bullish momentum, but RSI and EMA ribbon are neutral. I expect price to takeout all the liquidity resting below that support level testing the 2h demand at $73 before continuing to move upwards.
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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.