The current chart exhibits a clear downtrend characterized by a series of lower highs and lower lows. This pattern signals a persistent bearish sentiment, indicating that sellers are dominating the market. Notably, there is no divergence present, reinforcing the strength of the downtrend.
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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.