4H CHART EXPLANATION:
Price is facing the Daily Resistance Zone, showing some bearish signals. Also, in the 4h Chart, it has broken the Ascending Trendline. We are waiting for a lower timeframe confirmation to place short trades here. The potential short term target is the bottom of the ascending channel, and, if it is broken, then the Support Zone as explained below.
DAILY CHART:
Price is facing the Daily Resistance Zone, showing some bearish signals. Also, in the 4h Chart, it has broken the Ascending Trendline. We are waiting for a lower timeframe confirmation to place short trades here. The potential short term target is the bottom of the ascending channel, and, if it is broken, then the Support Zone as explained below.
DAILY CHART: