As was predicted even couple of days before, is going down. It finished forming of reversal "Head and Shoulders" pattern and the price dropped again below $9000.
Now, on 12H TF, you can see the well-known figure named "bearish flag" with the prospect of downtrend will continue.
Let's take a look at EMA trend lines - possible "Golden Cross" failed (purple rectangle ) and price dropped down. Both EMAs become strong resistances, EMA200 at $9050 and EMA50 at $8800.
MACD also indicates downward trend, and for now there is nothing to indicate rebound, at least in the coming days.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Now, on 12H TF, you can see the well-known figure named "bearish flag" with the prospect of downtrend will continue.
Let's take a look at EMA trend lines - possible "Golden Cross" failed (purple rectangle ) and price dropped down. Both EMAs become strong resistances, EMA200 at $9050 and EMA50 at $8800.
MACD also indicates downward trend, and for now there is nothing to indicate rebound, at least in the coming days.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!