Bearish trend has been continuing for a long time. Resistance level comes closer and closer to the support.
One day and one week RSI close to oversold. Strong structural level at 1.81902 which has been in place for almost half a year.
Follow of that bearish trend and if it doesn't break the existing trend and its resistance (red lines), then it's very likely that it will bounce up from the structure at 1.81902 with the market becoming extremely oversold.
One day and one week RSI close to oversold. Strong structural level at 1.81902 which has been in place for almost half a year.
Follow of that bearish trend and if it doesn't break the existing trend and its resistance (red lines), then it's very likely that it will bounce up from the structure at 1.81902 with the market becoming extremely oversold.