The rebound has already been worked off and the price has not formed any reversal patterns.
On the main timeframes, the chart is under the 50 and 200 EMAs.
The RSI indicator is also signaling a continuation of the downward movement.
I believe that the asset will continue to decline.
On the main timeframes, the chart is under the 50 and 200 EMAs.
The RSI indicator is also signaling a continuation of the downward movement.
I believe that the asset will continue to decline.