4H CHART EXPLANATION:
Price has bounced at the confluence zone between the Ascending Channel and the Resistance Zone (observe the daily chart below). After that, it has broken the Ascending Trendline, and now it is consolidating below. We consider that should be a nice bearish movement in the short term.
DAILY CHART ANALYSIS:
Price has bounced at the confluence zone between the Ascending Channel and the Resistance Zone (observe the daily chart below). After that, it has broken the Ascending Trendline, and now it is consolidating below. We consider that should be a nice bearish movement in the short term.
DAILY CHART ANALYSIS:
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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.