- The price has consistently made lower highs and lower lows, indicating sustained bearish momentum.
- The bands are expanding, which indicates an increase in volatility.
- There seems to be a 20-period moving average (middle line of the Bollinger Bands), which the price recently crossed below. This signals bearish momentum.
- There are a few spikes in volume, particularly during the large price drops. This increase in volume during sell-offs suggests strong selling pressure.
- Support: The nearest support is around $1,431.81, which is the lowest price visible in the chart. If the price breaks below this level, it may head towards lower support zones.
- Bearish Bias: The price action, moving averages, and positioning near the lower Bollinger Band suggest a bearish trend.
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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.
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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.