Bullish Drop

Key Levels:
Resistance: 20.915
Pivot: 19.700
Support: 17.375

Preferred Case:
On the H4, with the price is moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 19.700, which is in line with the pullback resistance, 78.6% fibonacci projection and 23.6% fibonacci projection to the 1st support at 17.375, which is in line with the swing low support.

Alternative Scenario:
Alternatively, the price could rise to the 1st resistance at 20.915, which is in line with the 61.8% fibonacci retracement and 127.2% fibonacci projection.

No major news.