In an epic showdown between bulls and bears has some fatigued bulls last night. If the bears are gonna strike, it maybe soon.
Going to be interesting to see how this triangle breaks although, I'd have to give the bears the edge on this one.
If they're going to strike it will be soon. So be cautious for one more pull down.
- Descending Triangle formation.
- MacD trending down on 15, 30 and hourly.
- Stochastic RSI oversold on the 3h, 4h and daily.
Going to be interesting to see how this triangle breaks although, I'd have to give the bears the edge on this one.
If they're going to strike it will be soon. So be cautious for one more pull down.
Note
Some possible supports based on fibs and past bounce backs:Note
Bear Flag of Death spotted on the 30 minute...
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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.