19:01 UTC
Downtrend, basing near multi-year lows · RSI 39 · price 0.78727
Lower highs since Jan, sideways base since Jul.
Macro regime is a downtrend with price basing in a multi-month range between roughly 0.78289 and 0.80761 after the sharp Q2 leg lower from 0.91 to 0.81. Price sits well below W1 EMA(50), confirming the bearish macro filter, but RSI in the high 30s shows momentum has flattened rather than extended. The Jan swing low at 0.76043 stands as the dominant multi-quarter floor; the May cap near 0.83410 marks the first meaningful supply zone above the range.
Support: 0.78289, 0.76043
Resistance: 0.80761, 0.8341
What it said to watch
- A W1 close below the 0.78289 swing low opens the path toward the 0.76043 Jan low
- A weekly close back above 0.80761 range high would neutralise the downtrend read
- Sustained acceptance above 0.83410 May cap would mark a structural shift