Price is facing bearish pressure from our first resistance where a potential drop towards our first support target could be expected. Also, price is trending under a descending trendline, and the MACD is showing bearish pressure in line with our analysis.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.