$TIA - update:
The main long-term downtrend appears to have reversed after the breakout of the 230 downtrend!
The current price is neutral [Daily] & bearish [LTF].
The H1 - H4 uptrend has also been broken ⚠️
I'm bullish for the mid term, but I think that the price will retest lower supports zone before! 📉
There is the 50% fib support that can be tested around 5.320 - 5.250$! Lower key supports; 5.00 - 4.908$
As long as the price remain above 4.980$, it should be ok for the bulls. [mid term].
Monitor the supports mentionned, I think it's risky to FOMO into long positions now. [possible setup on the H2 view].
