Overall trend is downtrend.
RSI is already at oversold level , now some hidden bulls/Retailers( People who trade on shorter timeframe)will raise the price little higher forming head and shoulder pattern,
As the price will touch downward trend line bears will come to an action and will push the price downside .
Price is below 200 MA in 4H timeframe.
Possible scenario in chart !
Let's see what gonna happen!! 😊
RSI is already at oversold level , now some hidden bulls/Retailers( People who trade on shorter timeframe)will raise the price little higher forming head and shoulder pattern,
As the price will touch downward trend line bears will come to an action and will push the price downside .
Price is below 200 MA in 4H timeframe.
Possible scenario in chart !
Let's see what gonna happen!! 😊