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03.06.2025 05:17 AM
If the price fails to climb back above 143.45, it will next work toward testing the 141.70 support. A drop below this level would open the path toward the 139.59 target (the low from September 2024).
On the four-hour scale, the price has consolidated below the 143.45 level. Before the price could retest it as resistance, the MACD line had already dipped below the level, reinforcing it. The probability of the price rising above 143.45, which the Marlin oscillator had indicated, has significantly decreased. We expect the downward trend to continue.
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