Price has been printing lower lows and lower highs for some time now. The price is currently at the descending trendline which seems to have been rejected multiple times in the past which also aligns with the 78.6% Fibonacci retracement. I believe a rejection from this level could lead the price to fall towards the downside.
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.