Price has been ranging in a downtrend respecting perfectly the resistance line creating huge liquidity above it. MACD is showing bullish momentum, RSI is bought and EMAs are neutral. Price recently bounced from the 2h demand and moved up aggressively from there reaching the imbalance which it is currently filling. Price needs to break above the 4h supply and reclaim $0.09 in order to move up again aiming for the 2h supply at $0.13.
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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.