Price currently trading within a bullish channel since the 10th of Feb with multiple touches of the lower trendline. Decining volume and downside momentum is a good indication to not enter this market just yet untill we see a reversal to the upside with potentially a higher swing movement after price retraces once again to the lower border.

Will be closely monitoring.

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.