1- Price is moving in a rising channel.
2- Price has reached the top of the channel
and a Strong Resistance Zone.
3- Bearish Divergence on RSI.
4- Strong Bearish Candles.
Therefore, one can expect a move to the downside.
2- Price has reached the top of the channel
and a Strong Resistance Zone.
3- Bearish Divergence on RSI.
4- Strong Bearish Candles.
Therefore, one can expect a move to the downside.
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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.