Based on my analysis on Daily timeframe as we can see the price is ranging at a strong support key area which has acted as both support and resistance previously, what makes it more interesting is having EMA200's support at this area as well, and even more interestingly based on Fibonacci retracement this area happens to be at 0.618 (Golden Number) which makes reversal more likely and a high quality trade for a long position.
Plus on the RSI we have this bullish channel with a double bottom (Extra Confirmation) as well as a pretty big falling wedge pattern.
NOT FINANCIAL ADVISE!
Plus on the RSI we have this bullish channel with a double bottom (Extra Confirmation) as well as a pretty big falling wedge pattern.
NOT FINANCIAL ADVISE!