Price got perfectly rejected from the 4h supply zone at $61 and ranged in a downtrend afterwards. MACD lines crossed and is now bearish, RSI and EMAs are neutral. Price is currently close to testing the 4h demand zone at $51.5 however we shall wait for further confirmation as overall market structure is still bearish for the short term.
Price got perfectly rejected from the 4h supply zone at $61 and ranged in a downtrend afterwards. MACD lines crossed and is now bearish, RSI and EMAs are neutral. Price is currently close to testing the 4h demand zone at $51.5 however we shall wait for further confirmation as overall market structure is still bearish for the short term.