Trendlines down can be directly seen to be acting parallel to each other
With price being above each of the down trend on each
It looks like the 50MA will be the savior for price very soon
Trending downward -> Soon to be bullish
With price being above each of the down trend on each
It looks like the 50MA will be the savior for price very soon
Trending downward -> Soon to be bullish
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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.