Cisco @ 47.98
Cisco is a tech company trading on the NASDAQ
it is involved in the bear market that we are currently in right now
This is because if you look at the price of Bitcoin which follows
the NASDAQ this price is very much down at the surpport level
Now using the parabolic SAR you can tell that a shift in the market has just
happend when the Parabolic SAR is above the price this shows that the
price is headed for a down trend and you should prepare to trade down
But wait a minute lets look at the DMI below this chart
the ADX is below both lines which means the market is showing us
signs that it is in the middle as investors or the crowd are not
sure of whether the price will go up or down
Looking onwards on the RSI you can see also that the strength of the price action
has fallen very much
Now looking at this chart do you think the price will go up or down
i think it will go down because you can see the Parabolic signal has given us
the down trend sign.
Rocket boost this content to learn more
Disclaimer:This is not financial advice please do your own research before you
buy or sell anything.Trading is risky and you will lose money.
it is involved in the bear market that we are currently in right now
This is because if you look at the price of Bitcoin which follows
the NASDAQ this price is very much down at the surpport level
Now using the parabolic SAR you can tell that a shift in the market has just
happend when the Parabolic SAR is above the price this shows that the
price is headed for a down trend and you should prepare to trade down
But wait a minute lets look at the DMI below this chart
the ADX is below both lines which means the market is showing us
signs that it is in the middle as investors or the crowd are not
sure of whether the price will go up or down
Looking onwards on the RSI you can see also that the strength of the price action
has fallen very much
Now looking at this chart do you think the price will go up or down
i think it will go down because you can see the Parabolic signal has given us
the down trend sign.
Rocket boost this content to learn more
Disclaimer:This is not financial advice please do your own research before you
buy or sell anything.Trading is risky and you will lose money.
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