So, on the daily, price is in a clear bearish context.
PSAR is bearish
MLR < SMA < BB center
We're about to close below the 50MA
Price already broke below the Higher Lows trendline and the December 2024 top
At this point, it all depends on the macro situation and the FOMC tone tonight.
If the outcome is positive, there's a chance price rebounds.
If not, the chart looks ready to dive.
PSAR is bearish
MLR < SMA < BB center
We're about to close below the 50MA
Price already broke below the Higher Lows trendline and the December 2024 top
At this point, it all depends on the macro situation and the FOMC tone tonight.
If the outcome is positive, there's a chance price rebounds.
If not, the chart looks ready to dive.
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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.
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.