The price had indecision on Tuesday and Wednesday which shows sellers and buyers strength to move the price in their direction.
This shows a false breakout from the indecision area to the upside so we could expect a move to the downside at least to the $0.96716.
The daily overview shows that the price could return back down to $0.96716 support level, but there is no clear signal that the price has enough strength to move down below this support level.
This means if the price closes below on a daily time frame we will see the price heading down to $0.96000 which is the first support level.
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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.