Price is still ranging inside the descending channel however it is inside a major demand zone. MACD is not clear, RSI is below 50% and EMAs are bearish. Price should break out the resistance line and move upwards from here aiming for the 1h supply zone as a short term target.
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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.