Price is currently testing the major daily demand zone after dropping and leaving a couple of supply zone at $57 and $66 with imbalances in the market around $56 and $65 respectively. MACD is showing bearish weakness, RSI is oversold and EMAs are bearish. I expect price to move up towards the first supply zone at least before moving down again however we shall wait for confirmation once price taps into it.
Price is currently testing the major daily demand zone after dropping and leaving a couple of supply zone at $57 and $66 with imbalances in the market around $56 and $65 respectively. MACD is showing bearish weakness, RSI is oversold and EMAs are bearish. I expect price to move up towards the first supply zone at least before moving down again however we shall wait for confirmation once price taps into it.