Longterm charts 1W/1D express market has been bearish for some time although bearish market has good momentum. MACD charts are basically in sync hovering 1W chart (just below 50/50 median) 1D chart (just above 50/50 median), candle situation suggests bears momentum high but bulls are trying to steal market but momentum not on their side yet.
Shorter timeframes 4h/1h/15M suggests slowing in price movements market may see stagflation, uncertainty & instability of bulls main cause driving the patterns of decline, macd for short timeframes indicate market may see a little more droppage due to uncertainty, instability and inability for the bulls to gain any traction. But be on the look for a good move that will set the bulls up to stel the market.
Shorter timeframes 4h/1h/15M suggests slowing in price movements market may see stagflation, uncertainty & instability of bulls main cause driving the patterns of decline, macd for short timeframes indicate market may see a little more droppage due to uncertainty, instability and inability for the bulls to gain any traction. But be on the look for a good move that will set the bulls up to stel the market.
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