1H, Price is at support level, which falls at the .382 fib zone, price seems to be respecting the support at the moment.
Price is at a strong uptrend, forming an ElliotWave with price currently at Wave 4. If price respects the support zone, then we can see price to push up to complete Wave 5
RSI at oversold level, with bullish divergence wherein price makes higher-high and RSI lower-lows.
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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.