Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish
The market is approaching a significant resistance area 17940.7.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 17589.5 level.
P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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I thin that the price will hit the TP soon enough!
yeah i think nas will fall due to analyst being wrong about inflation i mean cmon its affecting your everyday american these wall st ppl have no idea whats really going on just sheets of papers but i believe in the fomc min on wesdnay they will say no rate cuts for a while as inflation is hot