Price is facing bearish pressure from the first resistance level, in line with the horizontal swing high where we could see a drop to our support level where the horizontal pullback support is. The MACD is also showing further bearishness to come.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.