The counter is currently in a descending channel formation.
It has made an inverted and cup and handle formation within that.
Further, the price is currently hovering around a strong supply zone.
Hence, we expect the pair to be bearish in the short-term.
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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.