We are at a very important level, everything we need is to the left of the chart. This price has served as support and resistance multiple times. The question now is whether it will serve as support or resistance. One thing to consider is that recently there has been a bullish MACD crossover, causing me to lean bullish. The weekly MACD tends to give an accurate indication of the markets trend but there is definitely room for the price to still reverse. I'm currently sitting it out waiting to see how the price reacts to this level. Patience is key, let the market come to you. Whether we go up or down from here there will always come a good opportunity for entry.