Price has formed a descending triangle on declining trading volumes.
On the 4H and 1H Timeframes the TWT and RSI chart formed a hidden bullish divergence.
The RSI chart is in a buy zone (1H and 30m TFs)
Price is testing 50EMA as resistance on the 1H Timeframe and as support on the 30m Timeframe.
I expect the price to rise after it fixes above the resistance level.
On the 4H and 1H Timeframes the TWT and RSI chart formed a hidden bullish divergence.
The RSI chart is in a buy zone (1H and 30m TFs)
Price is testing 50EMA as resistance on the 1H Timeframe and as support on the 30m Timeframe.
I expect the price to rise after it fixes above the resistance level.
