In my opinion, we could still see a further 10% drop, considering the market’s cyclical nature — though it does feel like we’re near the bottom at this point.
Based on the indicators below, MACD and CCI are also showing signs of compression, similar to what we're seeing in the technical analysis.
Overall, I think by June 20th we’ll have a clearer picture of where the breakout from these triangle formations is headed
Based on the indicators below, MACD and CCI are also showing signs of compression, similar to what we're seeing in the technical analysis.
Overall, I think by June 20th we’ll have a clearer picture of where the breakout from these triangle formations is headed
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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.