The price stopped the 4H downwards trend yesterday (sharp Aqua line) and started going up but is compressed between that and the short-term downwards trend (Aqua line on the top) .
This downwards trend might however come at a crossroads with the medium-term Weekly uptrend (Red line for the latest one and Orange line taken from a low before).
The horizontal blue line is both a former support/resistance and a short-term 4H Fibonacci level.
This downwards trend might however come at a crossroads with the medium-term Weekly uptrend (Red line for the latest one and Orange line taken from a low before).
The horizontal blue line is both a former support/resistance and a short-term 4H Fibonacci level.