Price is currently in a consolidation area and it is accumulating. MACD is not clear, RSI is sold and EMAs are bearish. We shall wait for a clear breakout and a 4h candle closure for confirmation on whether price will move up towards the 12h supply at $2.5 or keep falling down.
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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.