Short-Term Trend: Downtrend (Correction). Following a powerful vertical spike up to nearly 0.002000, the price is undergoing an aggressive pullback, forming consecutive lower highs and lower lows on the 1-hour timeframe.
Medium-Term Trend: Neutral to Bullish. The price remains significantly higher than its consolidation base established around June 30th and July 1st, meaning the structural macro-trend is attempting to hold onto its gains.
Medium-Term Trend: Neutral to Bullish. The price remains significantly higher than its consolidation base established around June 30th and July 1st, meaning the structural macro-trend is attempting to hold onto its gains.
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