So many bearish signals in just one chart. Let me list them for you:
I'm short since 2085 with target 2045 or lower (depends), see my chart from market open:
P.S. Update 10 minutes later: The downtrend could take a pause here around 2060, but overall still bearish:
- MACD bearish
- RSI bearish
- Stochastic bearish
- Bollinger Band midline ("SMA20") bearish
- Price below weekly pivot, bearish
- Price below monthly pivot, bearish
- Double top on the weekly chart, super bearish
I'm short since 2085 with target 2045 or lower (depends), see my chart from market open:
P.S. Update 10 minutes later: The downtrend could take a pause here around 2060, but overall still bearish:
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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.