Since the end of December 2020, the price has been following a clear uptrend until the main at about 0.64350, getting a second rejection on the 26th of January 2021.
During this long period, the price reached few times its daily trendline and it is currently re-testing the same level.
The next price action around that zone will be essential to understand the next trend direction.
Few weeks ago, the price reached an important weekly that rejected it many times is the past.
I believe that we could see an upcoming market reversal and I'll be waiting for a breakout of its trendline before planning my short position on this trade.
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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Let's see the next price action, it has currently got a nice opposite rejection!