Hello,
The descendig triangle target has pretty much been reached. The 200 week MA seems to be supporting the price. The RSI is touching the oversold condition.
I would not be surprised with a relief rally into the 128 week MA, around 5k, before resuming the drop.
Best regards,
Alexandre Simões
The descendig triangle target has pretty much been reached. The 200 week MA seems to be supporting the price. The RSI is touching the oversold condition.
I would not be surprised with a relief rally into the 128 week MA, around 5k, before resuming the drop.
Best regards,
Alexandre Simões
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.
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.