This pair was just recently in a corrective phase of its uptrend, a breakout from the descending pattern can be clearly seen. Currently accumulating, with no clear indication of whether the bulls or bears will win. A rectangular pattern has formed with support at the 43 - 45$ region and resistance at the 71$ mark, within which we can trade. There could be a stoploss hunt, liquidating the number of people postioned right below support level. A break below support with a candle close will most likely invalidate this trade, and a short position can be opened, but care must be taken not to be trapped in a short trade.
Disclaimer: This analysis is not a trading advice but for personal growth and to share ideas
Disclaimer: This analysis is not a trading advice but for personal growth and to share ideas