The 4 hour chart is currently exhibiting a clear downtrend. This bearish momentum reached a strong daily resistance level. Unless price action can decisively break above this resistance, the trend is likely to persist in favor of the bears.
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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.