4H CHART EXPLANATION:
Price has been on a strong uptrend since May. Now it is starting to show some weakness, facing the Daily Resistance Zone. As we are now above the Descending Channel, it would be safe to wait for a reentry to the zone to consider short positions. There are three support zones as potential targets.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Price has been on a strong uptrend since May. Now it is starting to show some weakness, facing the Daily Resistance Zone. As we are now above the Descending Channel, it would be safe to wait for a reentry to the zone to consider short positions. There are three support zones as potential targets.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: