-Since the end of November until the first week of May, the price has been following a strong downtrend (Confirmed by the price moving without breaking the 50).
-The price reached then a main at about 1.05000, it retested that before breaking the 50. The price wasn't able the reach again the , in fact a strong movement pushed the price up until it reached the main at about 1.08727.
-The main rejected the price inverting the trend;
on the 13th of July the price bounced on the new , starting now an uptrend.
The price actually seems to be not able to break yet the strong , but at the same time it's bouncing on different support levels on the trendline (Possible ).
The price is actually in a really high period, it's quickly bouncing up and down. The at about 1.08625 rejected the price many times and I believe it could happen again after a short period of consolidation.
I would entry short after the breakout of the level at 1.08100.
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