In the 4-hour time frame, we see a continuous chart pattern, showing a possible upside. But in the 1d time frame, the price is responding to ema200. In the past the price has been very reactive many times with ema200 1D and it proved to be a very strong resistance
So be careful
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.