So many bearish signals in just one chart. Let me list them for you:
I'm short since 2085 with target 2045 or lower (depends), see my chart from market open:
P.S. Update 10 minutes later: The downtrend could take a pause here around 2060, but overall still bearish:
- MACD bearish
- RSI bearish
- Stochastic bearish
- Bollinger Band midline ("SMA20") bearish
- Price below weekly pivot, bearish
- Price below monthly pivot, bearish
- Double top on the weekly chart, super bearish
I'm short since 2085 with target 2045 or lower (depends), see my chart from market open:
P.S. Update 10 minutes later: The downtrend could take a pause here around 2060, but overall still bearish:
