Will price get out of the rectangle range area any soon?
2020-01-07 06:46:30
Reasons:
- Bearish trend which was a retracement of longer-term bullish trend (Between 50 to 62% fibo level) seems to be over.
- Price is clearly supported at the bottom and re-tested it.
- There is a bullish divergence with RSI
For a more certain entry wait for price range to break up
*This is only how we interpret the market