Downtrend and Signals at EMA 89Currently, the price is approaching the EMA 89, a classic sign of a downtrend. This is confirmed by the moving averages, where the EMA 34 has crossed below the EMA 89, a bearish signal.
However, what is noteworthy is that each time the price approaches the EMA 89, it reacts strongly. This tells me that investors may be using this level as a buying opportunity in the hope that the support level will hold.
