Price is dropping from A strong daily Supply level and looks like it may revisit the 200 EMA as it has done so already 5 to 6 times prior. If price can stay below the down trendline shown by the big red arrow. Price may bounce off the 200 EMA at the Daily demand level so be careful because the overall trend is bullish. Look to buy below .6434 and lower.
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.