Considering that we are below the 12/21 EMA on the daily timeframe, the trend remains downward.
The EMAs may continue to decline before the price temporarily moves above them, creating a false impression of a trend reversal.
After that, we could see a drop below $3.8.
The EMAs may continue to decline before the price temporarily moves above them, creating a false impression of a trend reversal.
After that, we could see a drop below $3.8.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.