Why bearish?
Based off of what I see, price is near a level of resistance, top of a channel, and is following the trend direction.
What if it goes bullish?
For this trade to be a bullish move, price would have to retest above the current level, and hold above with some candlestick patterns for confirmation.
There are a lot of lines, don't let this scare you away, just see what price is going near these levels. (Fibonacci Levels)
Based off of what I see, price is near a level of resistance, top of a channel, and is following the trend direction.
What if it goes bullish?
For this trade to be a bullish move, price would have to retest above the current level, and hold above with some candlestick patterns for confirmation.
There are a lot of lines, don't let this scare you away, just see what price is going near these levels. (Fibonacci Levels)