The price action signifies a follow-on selloff and buyers could not manage to hold the gains. For weeks, it has faced multiple time rejection from the 50 day EMA mark, which signifies the lack of bullish momentum.
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.
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.