The pair is into the formation of a descending Elliott wave and here we have a good option to enter the correction. We have kind of a triple top and now the price is on the "support" line ready do go down. The RSI and MACD indicators are moderate which is a sign for a weak market - that is often regarded to bearish market.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*