Several reasons to be bearish $CVA from a technical standpoint
1) Trading right on trendline, 50 day and 200 day moving average resistance
2) Not oversold, so timing for a short is suitable
3) ADX has gone flat after being extremely bearish, but may continue and has not fallen yet.
4) MACD has already crossed so the bounce to the upside is already mature.
1) Trading right on trendline, 50 day and 200 day moving average resistance
2) Not oversold, so timing for a short is suitable
3) ADX has gone flat after being extremely bearish, but may continue and has not fallen yet.
4) MACD has already crossed so the bounce to the upside is already mature.