I believe and my prediction is that price will move to the downside. I say this because price action has come into a fresh zone of supply and a level where price has previous moved very bearish from as well as that RSI is heading to the oversold side. My signals are...
-Supply
-Structure
-127% extension
-78% retracement
-Inner Trend line
-Trend signal
Combing...
My prediction is price will move to the bearish direction due to the strong bearish trend we have recently had, i feel like this is the market just taking a breather before heading back down. But on the technical side price has retraced into a level Supply where I am expecting to see seller come into the market.
(signals)
-Supply
-78%...
As you can see price was in a bullish trend until we had a deep pull back that violated the most recent higher low and ended up coming into a fresh level of demand. My prediction is price will rise again after entering this zone of demand.
(Signals)
-Support
-61.8% retracement
-Trend line
-RSI oversold
-127% inversion
