BRETT has still been trading in a cross
Overlooking at the 4-H chart, it has witnessed bearish pressure increasing for the past 5 months, and from the peak, it has seen nearly 39% consumption in its earlier gains.
The BRETT has been trading in a contracted wedge that gave breakdown and completed symmetrical triangle breakdown. Thus, the price of BRETT exhibits a strong bearish nature of the price.
The Indicators show that the BRETT has still been trading in a cross of 50-day, and 200-day EMA, despite the fall. This showcases that a death cross seems anticipated, which could be the long-term downtrend based on bear pressure.
The MACD indicator highlights that both lines have been moving below the zero line, with a growing histogram at -0.00375. Meanwhile, RSI flashed at 22.64, in an extreme oversold zone.
The BRETT has been trading in a contracted wedge that gave breakdown and completed symmetrical triangle breakdown. Thus, the price of BRETT exhibits a strong bearish nature of the price.
The Indicators show that the BRETT has still been trading in a cross of 50-day, and 200-day EMA, despite the fall. This showcases that a death cross seems anticipated, which could be the long-term downtrend based on bear pressure.
The MACD indicator highlights that both lines have been moving below the zero line, with a growing histogram at -0.00375. Meanwhile, RSI flashed at 22.64, in an extreme oversold zone.
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