Finding heavy resistance around these levels. EMA ribbon flipped bearish. Could be rising wedge. Ichumchi cloud that was support is resistance currently. EMA ribbon Goes as high as 41.50. The only bullish thing is the recent low is supported by EMA support on 4 hour and ichumchi cloud on 4 hour. Howver it could take some time to start flipping those bearish. Still be cautious unless we reclaim 42
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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.