For short term, Uptrend is likely to break because:
[ volume is low / making LL indicating the absence of big players (institutions) therefore the trend might not get strength to proceed.] [RSI is making LL, opposite to the price uptrend thus price is more likely to reverse.] [The price might find a resistance at its 50 MA (EMA), which it is so close to.] [The price is under both 50 MA & 200 MA indicating that it’s in downtrend.] [The last 15 candles seems to made contracting consolidation indicating that high chance for reversal of the little uptrend.]
For long term: * MA of 50 period in monthly timeframe slopes downward showing that the trend is downtrend. * Resisted from lev 0.5 (1.23051) in weekly fib retracement, and might fall to lev 0.38 (around ≈ 1.19407) * Daily timeframe uptrend reversal * Daily timeframe Fibonacci retracement from level 0 (1.24440) and might further fall to level 0.38 (1.6462) * Daily timeframe RSI fail to make new HH, RSI is overbought, it might face to the lower bond (≈30) coming from the upper bond(70)
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