Its under the EMA and is also close to the support, i think that this could recover from the downtrend, if not, it would drop more until it reaches the support, overall, it is a trending market on the daily timeframe. It's neutral on the rsi aswell
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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.