- The last few candles show strong red bodies, suggesting selling pressure.
- Price has closed below the middle Bollinger Band (20-day moving average), often a trigger point for downside momentum. This suggests a transition from neutral/bullish to bearish momentum.
- Recent highs failed to break the previous peak near $2,900. This forms a lower high, indicating weakening buying strength.
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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.
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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.