Price retested the support around $1.15 where it bounced from and it is currently in a range showing no major movements. MACD is showing bearish weakness, RSI is slightly sold and EMAs are neutral. I expect price to retrace toward the $1.3 area where we have a minor breaker zone before continuing to move down towards the 12h demand around $1.04.
Price retested the support around $1.15 where it bounced from and it is currently in a range showing no major movements. MACD is showing bearish weakness, RSI is slightly sold and EMAs are neutral. I expect price to retrace toward the $1.3 area where we have a minor breaker zone before continuing to move down towards the 12h demand around $1.04.