Price is still heavily bearish and it is currently still ranging in a descending channel. MACD is not clear, RSI is sold and EMAs are bearish and working as resistance. Once price breaks above the resistance line we would then expect some bullish movements towards the imbalance around $0.6. Waiting for the breakout for 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.