Price is currently testing a downward trendline and possibly forming and Head and Shoulders at the trendline. The Bulls need to push price above the 21 EMA( in yellow 0.22378$) to avoid a highly probable bearish movement.
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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.