In this daily chart we can clearly see the crazy bullish run right after the pandemic sell off.
The bulls kept the trend line above midline pithfork for almost 2 years.
In the past 3 month we saw aggressive shift in the momentum as bears took control and kept the trend line below the midline pithfork.
In the last month we saw nice recovery (with low volume) and attempt to break the bearish momentum and return back to the bullish pithfork but The attempt was failed as the bears defended their position at the POC and we are again returning to downtrend momentum.
The next stop is the volume area where bulls will try to defend their position.
Good luck and I wish you all green days. :)
The bulls kept the trend line above midline pithfork for almost 2 years.
In the past 3 month we saw aggressive shift in the momentum as bears took control and kept the trend line below the midline pithfork.
In the last month we saw nice recovery (with low volume) and attempt to break the bearish momentum and return back to the bullish pithfork but The attempt was failed as the bears defended their position at the POC and we are again returning to downtrend momentum.
The next stop is the volume area where bulls will try to defend their position.
Good luck and I wish you all green days. :)
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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.