Reasons why I believe in a bigger drop compared to my last analysis.
The level of confidence in a bullish channel is decreasing in relation to the fear of greater losses in relation to the bearish channel formed a
The daily chart does not seem optimistic in the short and medium term, where we can see the price reversal. The RSI confirmed and the MACD histogram will do the same.
If the price falls below the previous weekly candlestick low, it will be a low signal. The lower deadlines tell us about the support zones at levels 9,000.00 and 8,500.00. If the price goes up, it will give us new buying opportunities.
In the long run the market appears optimistic, but the upward trend will continue after the wave of correction and the break above the downward trend line.
If you enjoyed this review, please like it and share it with your friends.
Legal Notice!
This post does not provide financial advice. It is for educational purposes only! You can use the post information to create your own trading plan for the market. Trading is risky and not suitable for everyone. Only you are responsible for your trading.
The level of confidence in a bullish channel is decreasing in relation to the fear of greater losses in relation to the bearish channel formed a
The daily chart does not seem optimistic in the short and medium term, where we can see the price reversal. The RSI confirmed and the MACD histogram will do the same.
If the price falls below the previous weekly candlestick low, it will be a low signal. The lower deadlines tell us about the support zones at levels 9,000.00 and 8,500.00. If the price goes up, it will give us new buying opportunities.
In the long run the market appears optimistic, but the upward trend will continue after the wave of correction and the break above the downward trend line.
If you enjoyed this review, please like it and share it with your friends.
Legal Notice!
This post does not provide financial advice. It is for educational purposes only! You can use the post information to create your own trading plan for the market. Trading is risky and not suitable for everyone. Only you are responsible for your trading.
