Chart explains itself overall honestly, as price is follow an uptrend structure on the higher timeframe, making higher highs & lows. Price was due for a correction, & that may be coming to an end soon, as price is approaching the previous all time highs in January of 2022, to form a new higher low & retest previous resigtance as new support, where buyers may enter back into the market again to push price into the impulsive stage of the uptrend & move higher again.
Comment:
4 Hour: One more move down potential, for price to also retest a lower boundary trendline for a 3rd touch, which also aligns at the key level zone
Comment:
On hourly: Price ended up pushing back above the previous support, then retesting as support again, pushing into resistance for today.
Waiting for next week!
Waiting for next week!