This pair is showing us bullish movements and here are a few things I see: Higher Low
Shown on higher timeframe
RSI Oversold
Most see this as an indication of price being bullish
Support
As seen at the current low, wicks, and candlesticks
Candlestick Patterns
Bullish Engulfing are being shown/attempted
Summary: Price might face some resistance heading up but that's usually the case in any market. We are counter trading the market, since it's been on a downtrend, and no lower high has been shown.
The Goal: Anything above the horizontal dashed line near price, or the one higher near the major bearish push, but we must remain patient as the market just opened.
The Con: Market just opened, some might see the market still bearish due to the previous push, so expect heavy volatility.
What do you think about this analysis? Would you like to see more? Let me know in the comments, giving a like on this, or reaching out via Direct Message! - ecryptfx