The MACD on the daily chart is nearing a bearish crossover, signaling a potential sell-off. There's a gap from April 22nd aligning with the 50-61.8% Fibonacci retracement zone. Additionally, the gap from May 9th remains to be filled, which coincides with the 100 and 200 EMA levels.
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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.