If we go to larger time frame like daily we can conclude that is a downtrend, as the price broke the level that tested multiple times if we look back. Price has been tested to this level that turned to be the level resistance (supply zone), according to my analysis since price respected this level(Resistance) many times. I'm expecting price to go down, as it already broke current consilidation.
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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.