The price could build the XABCD structure (as on chart), which will be bullish. There is still space to go deeper (based on the indicators on chart).
But there is also a hidden bullish divergence between point B and current price, so I’ll be watching if the price will go deeper, or will change a direction.
There is not any financial advice, just what I see on the chart.
But there is also a hidden bullish divergence between point B and current price, so I’ll be watching if the price will go deeper, or will change a direction.
There is not any financial advice, just what I see on the chart.
Comment:
Crossing price level 0,00475 can give any advice about direction of trend.