Daily volume close to average on red candles indicating further downtrend.
4h after double top on RSI and OBV we see price falling
Looking at VPVR there is a volume gap between 3900 and 3600 and if price don't hold current level we might see a big drop to 3600
6h OBV and RSI downtrending
Currently 1PM after a drop in price on high volume, we can see stopping volume and the price looking for support at 3950 - daily technical level.
Trend prediction neutral for the next couple of hours. Price will either bounce a bit and fall to 3600 level or bounce back to fill the VPVR gap and retest weekly strong technical resistance at 4120
4h after double top on RSI and OBV we see price falling
Looking at VPVR there is a volume gap between 3900 and 3600 and if price don't hold current level we might see a big drop to 3600
6h OBV and RSI downtrending
Currently 1PM after a drop in price on high volume, we can see stopping volume and the price looking for support at 3950 - daily technical level.
Trend prediction neutral for the next couple of hours. Price will either bounce a bit and fall to 3600 level or bounce back to fill the VPVR gap and retest weekly strong technical resistance at 4120
Trade closed: target reached
As predicted couple days ago; price found support at 3950 creating congestion zone with retest of 4120 and subsequent fall below 3950
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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.