Hi Folks,
Golden cross moving averages on the 4 hour chart. But the latest candlestick pattern show divergence in the Golden cross. We see a dark cloud cover pattern that is followed by a long black maribozu candle. If you ask me it is super bearish because there is lot of momentum in the downmove. The trendline drawn is 1st support that has been tested earlier. So everything will be tested at this price. It can go either way.
Golden cross moving averages on the 4 hour chart. But the latest candlestick pattern show divergence in the Golden cross. We see a dark cloud cover pattern that is followed by a long black maribozu candle. If you ask me it is super bearish because there is lot of momentum in the downmove. The trendline drawn is 1st support that has been tested earlier. So everything will be tested at this price. It can go either way.
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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.