- Short-term trend: Bearish. Price is consistently making lower highs and lower lows since late February.
- Medium-term trend: Also bearish, as confirmed by price staying below the midline of the Bollinger Bands.
- Price is near the lower Bollinger Band, suggesting it is oversold in the short term. However, it has not shown signs of a strong reversal yet.
- Volume is slightly above average on the most recent red candle, confirming bearish conviction.
- Support Zone: Around 520'0 – psychologically and structurally important.
➀➁➂➃➄
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.
➀➁➂➃➄
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.