In the long term view, month candle sticks, we see a MACD sell signal. Inertia rejected at 50, asset should stay down in price as a result of this. Do not panic, but shakeout imminent.
We may see a continuation of a downward channel for months to come. I do not see an immediate crash, but this is the safest way for institutional money to exit.
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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.