Price previously bounced from the support area around $0.214 and left a 4h demand zone around $0.22. MACD is now showing some bullish weakness, RSI is overbought and EMAs are turning bullish. Price failed to test the 6h supply zone shortly and is now moving down. I am expecting a retracement towards the support at $0.234 and, if broken, the 4h demand. Waiting for more confirmation.
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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.