Overall market structure is bearish, trading well below the 50EMA, making lower lows and lower highs. However we have reached a strong level of support which it has tested multiple times. Price seems to be halting a bit here, it might switch for a reversal and trade bullish.
I have drawn 2 arrows for 2 predictions on where I think it could go. Going to keep an eye on what candles are created before entering.
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.