Price previously tapped into the major daily demand zone from where it bounced from and it is currently moving up from there. MACD is showing bullish momentum, RSI is neutral but EMAs are bearish. Price needs to break above the previous high at $1.94 for short term bullish confirmation, we would then look for an entry aiming potentially for the major 3h supply zone around $2.8 as a FVG (fair value gap) is present below it which needs to be filled with a major level of equal highs below it so huge liquidity is resting at that area as well which needs to be taken out.
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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.