- Price broke EMA (25, close) on the downside and previous support/resistance
- Daily not indicating any clear direction as yet, other than price may or may not continue on downtrend
- Daily not indicating any clear direction as yet, other than price may or may not continue on downtrend
Note
4-hr chart-Double confirmation that pair is oversold from RSI and Stochastic Oscillator. Therefore we may see some consolidation or brief retracement or a reversal
Note
1-hr chart- Price is approaching EMA (25, close) from the downside
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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.