The 4H chart is showing an ascending channel. After a bullish breakout above the resistance level, the price has now turned bearish and reverted back to the support level at 0.6531.
We could see price retest this support level and turn bullish again, or the price may make a break below this support level and continue this bearish move.
Given the position of the MACD, RVI and RSI I believe we could see a breakthrough support and have a continued bearish move.
We could see price retest this support level and turn bullish again, or the price may make a break below this support level and continue this bearish move.
Given the position of the MACD, RVI and RSI I believe we could see a breakthrough support and have a continued bearish move.
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