If price remains in channel and crosses the line of the EMA 50 day,
there could be a solid analysis that this is definitely on a decent.
We also need another lowest low, to be sure of the downtrend.
For the moment, the EMA is not giving enough information for
a strong downward trend, but the highest price has definitely
broken for now. General sentiment is, that it is overbought.
A correction is necessary.
there could be a solid analysis that this is definitely on a decent.
We also need another lowest low, to be sure of the downtrend.
For the moment, the EMA is not giving enough information for
a strong downward trend, but the highest price has definitely
broken for now. General sentiment is, that it is overbought.
A correction is necessary.