If we talk about the prices and technical, hive has more chances to go down. But the no-decision box has appeared.
Points for no-decision in market
Liquidity grab(xxxx) --- symbol
Liquidity target($$$$$$) ---- symbol
In this scenario trader must hold their position if taken a bearish position, else if they are bullish, back off and wait for the price to break recent highs.
As the weekly is bearish, there are 60% chances it will break the liquidity target($$$) if so price will continue downward and we can target the major low which is 0.206.
It's my analysis, just for education.
If you see the fundamentals, supply and demand. The demand has increased compared to previous months.
It will be interesting this week as prices are on a no-decision.
