A clear bearish condition was identified at 50 SMA and 200 SMA as the 1st test. It shows us a clear downtrend through momentum
The second confirmation is that the candlestick has created a new consolidation zone between $ 38982- $ 40862, which is now indistinguishable from the constant active supply & demand. That's the zone created between $ 45882 and $ 34528. Therefore, it is not possible to give a clear prediction of the correct orientation until the accumulation is complete.
The second confirmation is that the candlestick has created a new consolidation zone between $ 38982- $ 40862, which is now indistinguishable from the constant active supply & demand. That's the zone created between $ 45882 and $ 34528. Therefore, it is not possible to give a clear prediction of the correct orientation until the accumulation is complete.
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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.