price targets between 
29K & $27k. with all the recession and inflation fears, markets are bearish for now. As we know there are still rate hikes coming by the Feds and this contributes to a weaker market for conventional stocks and commodities. We have two moving averages and a trendline that price action will have to contend with. Plus, we also see similar patterns with descending channels during this sell-off with the DJI.
29K & $27k. with all the recession and inflation fears, markets are bearish for now. As we know there are still rate hikes coming by the Feds and this contributes to a weaker market for conventional stocks and commodities. We have two moving averages and a trendline that price action will have to contend with. Plus, we also see similar patterns with descending channels during this sell-off with the DJI.
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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.