Trade setup: Trends are mixed to down. After a bearish breakout from a Channel Up pattern, price broke below 200-day moving average, which is a sign of downtrend.
Trend Traders: It’s now sitting at $80 support, which held up a couple of times recently and could be a swing trade entry but it’s a higher risk trade setup since overall trend is down. Price needs to break back above 200-day MA (~$100) to resume its uptrend.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $80, then $60. The nearest Resistance Zone is $105 (previous support), then $130 and $150.
Trend Traders: It’s now sitting at $80 support, which held up a couple of times recently and could be a swing trade entry but it’s a higher risk trade setup since overall trend is down. Price needs to break back above 200-day MA (~$100) to resume its uptrend.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $80, then $60. The nearest Resistance Zone is $105 (previous support), then $130 and $150.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.