The chart has been sliding down for a while, but the last few candles show the price trying to slow down near support. Both the moving averages and indicators are still pointing to a weak trend, but the selling pressure looks lighter than before.
On the 1H view, the price is trying to hold above the recent low, showing small attempts from buyers. It’s not strong yet, but the market looks calmer than yesterday.
On the 4H view, the overall trend is still down, but the momentum is losing speed. If the support continues to hold, the market might try a small bounce. If not, it may continue drifting sideways.
Short-Term: Possible small bounce if buyers stay active. Mid-Term: Still weak, but the trend is slowing.
This is just personal chart reading — not financial advice. Trade safely and stay aware. $ELIZAOS
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ELIZAOS Market Update
The chart has been sliding down for a while, but the last few candles show the price trying to slow down near support. Both the moving averages and indicators are still pointing to a weak trend, but the selling pressure looks lighter than before.
On the 1H view, the price is trying to hold above the recent low, showing small attempts from buyers. It’s not strong yet, but the market looks calmer than yesterday.
On the 4H view, the overall trend is still down, but the momentum is losing speed. If the support continues to hold, the market might try a small bounce. If not, it may continue drifting sideways.
Short-Term: Possible small bounce if buyers stay active.
Mid-Term: Still weak, but the trend is slowing.
This is just personal chart reading — not financial advice. Trade safely and stay aware.
$ELIZAOS