These are just musings, feel free to offer your opinion on what you see here also:
Just using standard indicators and keeping it clean. On the daily.
I'm as not confident in the uptrend as I would have been a week ago. Moving sideways with decreasing volume has caused the MACD and signal lines to cross. We do still appear to be making higher lows but we need confirmation and a strong finish to the week to regain momentum.
Whereas the journey up from 7k was relatively clean, this is a fairly critical juncture and based on the MACD at least the bearish momentum has possibly already won.
Just using standard indicators and keeping it clean. On the daily.
I'm as not confident in the uptrend as I would have been a week ago. Moving sideways with decreasing volume has caused the MACD and signal lines to cross. We do still appear to be making higher lows but we need confirmation and a strong finish to the week to regain momentum.
Whereas the journey up from 7k was relatively clean, this is a fairly critical juncture and based on the MACD at least the bearish momentum has possibly already won.
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