Looks like double top to me.
Price has just fallen under 50ma and fallen beneath key support. Double negative. Unfortunately two negatives does'n't make a right this time.
If price stays under both the moving average and support line of $25 then you can expect to see $15 in the coming weeks.
Hope this helps!
Price has just fallen under 50ma and fallen beneath key support. Double negative. Unfortunately two negatives does'n't make a right this time.
If price stays under both the moving average and support line of $25 then you can expect to see $15 in the coming weeks.
Hope this helps!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.