* Previously both the 200 MA and 50 MA were working as the support and resistance for the price.
* But now the price is moving below the 50 daily MA and 200 daily MA, and they are about to form a Death cross.
* Death cross is technical chart indicator occurs during huge sell off.
* It occurs when the short-term moving average ( 50MA ) crosses below it's long-term moving average ( 200MA ).
* But now the price is moving below the 50 daily MA and 200 daily MA, and they are about to form a Death cross.
* Death cross is technical chart indicator occurs during huge sell off.
* It occurs when the short-term moving average ( 50MA ) crosses below it's long-term moving average ( 200MA ).