It seems on the 3 DAY chart price was cycling up in the parallel channel but faced rejection at the midpoint. Price needs to make HH and HL from 21EMA(in yellow) 0.21448 area and clear the midpoint (the 24 cents) area to cycle back to the top of the channel; if not price can drop to the 19 cents region(200 EMA) in orange.
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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.