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Trend Analysis Chart Patterns Fundamental Analysis
2
0
trendanalysis chartpattern fundamental
The price is once again breaking below the support of the weekly 200 SMA and 50 EMA. The price may continue to decline towards the lower channel boundary or the weekly 200 EMA. The hourly RSI is indicating extreme oversold conditions, which could signal a potential weakening of bearish momentum in the short term and a potential retest of nearby resistance levels
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