As you can see price was in a bullish trend until we had a deep pull back that violated the most recent higher low and ended up coming into a fresh level of demand. My prediction is price will rise again after entering this zone of demand.
(Signals)
-Support
-61.8% retracement
-Trend line
-RSI oversold
-127% inversion
(Signals)
-Support
-61.8% retracement
-Trend line
-RSI oversold
-127% inversion
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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.