POSSIBLE SHORT AS PRICE IS APPROACHING AN IMPORTANT RESISTANCE LEVEL. THERE ARE MANY SUPPLY ZONES ON THIS LEVEL IN THE PREVIOUS PRICE. PRICE IS IN AN UPTREND AND AS YOU CAN SEE PRICE IS BARELY MAKING HIGHER HIGHS. A CLEAR DIVERGENCE IS SHOWN ON THE RSI INDICATOR. INDICATING A REVERSAL IS LIKELY TO OCCUR.
THE PRICE APPROACHED A BIG SUPPORT LEVEL ZONE WHERE IS THERE IS ALOT OF DEMAND ZONE AND IT FORMED A HEAD AND SHOULDER PATTERN AT THIS AREA . IT ALSO BROKE THE 20 MOVING AVERAGE EMA AND THAN RETESTED IT.