Price is rising towards the supply zone which aligns with the 50% Fibonacci retracement and the long-term moving average 100.
As you can see, the price is also moving in an ascending channel on the H4 timeframe.
In my analysis, I believe a breach beneath the lower part of the channel could lead momentum carrying price to the downside.
I'm bearish biased.
Short!
Chart PatternsTechnical IndicatorsTrend Analysis

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