We have strong signals that the correction movement may continue.
Bearish divergence
Signed on the stoch confirmation comes on today's close below the dominant candle of the 6th January.
EMA9 & EMA26
Possible crossing of EMA9 in EMA26.
MACD
Centerline Crossing and then crossing the signal line.
RSI
It is below the 50-point line
We have the $3400 as horizontal support but if all the signs follow the above move we will find support at $2900 as mentioned in our weekly update.
Bearish divergence
Signed on the stoch confirmation comes on today's close below the dominant candle of the 6th January.
EMA9 & EMA26
Possible crossing of EMA9 in EMA26.
MACD
Centerline Crossing and then crossing the signal line.
RSI
It is below the 50-point line
We have the $3400 as horizontal support but if all the signs follow the above move we will find support at $2900 as mentioned in our weekly update.
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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.