After testing the 4h supply at $0.36, price ranged in a downtrend and broke below the first 4h demand at $0.26 which makes it a breaker zone and is currently filling the imbalance at around $0.22. MACD is still bearish, RSI is sold and EMAs are also turning bearish. We could still see some bearish movements towards the major daily demand zone at $0.14 before a bullish reversal as we have huge liquidity resting above that level which tells us that the 3h demand at $0.2 will most probably not hold. We shall wait for confirmation once price taps into that area of demand.
After testing the 4h supply at $0.36, price ranged in a downtrend and broke below the first 4h demand at $0.26 which makes it a breaker zone and is currently filling the imbalance at around $0.22. MACD is still bearish, RSI is sold and EMAs are also turning bearish. We could still see some bearish movements towards the major daily demand zone at $0.14 before a bullish reversal as we have huge liquidity resting above that level which tells us that the 3h demand at $0.2 will most probably not hold. We shall wait for confirmation once price taps into that area of demand.