4H CHART EXPLANATION:
Price has been on a bullish trend for a few months. Right now is facing a confluence zone between the Daily Descending Trendline and the Resistance Zone, so, we consider that it could be a bearish movement here. Also, the Ascending Trendline has been broken, and if price consolidates below, it is a strong signal for the downside move.
DAILY CHART ANALISIS:
Price has been on a bullish trend for a few months. Right now is facing a confluence zone between the Daily Descending Trendline and the Resistance Zone, so, we consider that it could be a bearish movement here. Also, the Ascending Trendline has been broken, and if price consolidates below, it is a strong signal for the downside move.
DAILY CHART ANALISIS:
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.
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.