So, today's price action was amazing. Here are my take aways:
1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish
2- Price fell below preliminary support and made a new low = Bearish
3- Monthly support was breached = Bearish
4- Volume is dropping while price increase (divergence) = Bearish
5- RSI divergence = Bearish
This doesn't look like a strong bounce to me. Not buying in.
1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish
2- Price fell below preliminary support and made a new low = Bearish
3- Monthly support was breached = Bearish
4- Volume is dropping while price increase (divergence) = Bearish
5- RSI divergence = Bearish
This doesn't look like a strong bounce to me. Not buying in.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.