Hello
Locally price bounced of the 50 MA and fixed above the 8.580$ Horizontal Support. So we can go and retest 8.900$ Resistance Level.
Nevertheless there is a Head & Shoulders pattern, which is fully formed but not confirmed yet. And in case we lose the 8.580$ Horizontal Support and then 50 MA will be crossed to downward we can think about short position.
Locally price bounced of the 50 MA and fixed above the 8.580$ Horizontal Support. So we can go and retest 8.900$ Resistance Level.
Nevertheless there is a Head & Shoulders pattern, which is fully formed but not confirmed yet. And in case we lose the 8.580$ Horizontal Support and then 50 MA will be crossed to downward we can think about short position.
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Disclaimer
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.