The market selloff just reached 50% of its down trip, another 50% to go. We are still in a downtrend and for sure we will see some bullish pops, caution not to go long unless it's really short term.
Based on my analysis, we can reach the $2890 level before starting to see a bounce back. MACD is just crossing 0 and RSI is not in oversold territory yet. So all what happened is just simply a correction and not a pull back.
I marked in blue the MACD and RSI levels we need to reach before seeing a shift in trend and sentiment.
Based on my analysis, we can reach the $2890 level before starting to see a bounce back. MACD is just crossing 0 and RSI is not in oversold territory yet. So all what happened is just simply a correction and not a pull back.
I marked in blue the MACD and RSI levels we need to reach before seeing a shift in trend and sentiment.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.