The overall trend is up because 180 days MA is above 365 days MA. The Fibonacci retracement helped me form three majors SUPPORT corridors.
The MACD shows a downtrend because the blue line crossed the red line. The resistance level is around 1740.30 USD. A prove to that is the double top. Also, we can see the fifth Elliot's wave. Both mentioned above are short signals. RSI is around 53 and there is plenty of space to go short
The MACD shows a downtrend because the blue line crossed the red line. The resistance level is around 1740.30 USD. A prove to that is the double top. Also, we can see the fifth Elliot's wave. Both mentioned above are short signals. RSI is around 53 and there is plenty of space to go short