Slight bearish trend and then back to the old ATH.
I propose a hypothesis against the trend but still to be taken into consideration.
There are two analyzes on two charts, one weekly and one daily.
The weekly one greatly strengthens my hypothesis of a bearish trend due to a not indifferent set of candlestick patterns that feeds my idea of Bearish.
The daily chart, on the other hand, gave birth to a clearly visible head and shoulder that could confirm my theory.
How far could it go?
I believe that the Downtrend can be quite limited going to lean on the threshold of 25, at most it could widen if we were in full downtrend on the psychological threshold of 20 cents, but I don't think so !!
There are two analyzes on two charts, one weekly and one daily.
The weekly one greatly strengthens my hypothesis of a bearish trend due to a not indifferent set of candlestick patterns that feeds my idea of Bearish.
The daily chart, on the other hand, gave birth to a clearly visible head and shoulder that could confirm my theory.
How far could it go?
I believe that the Downtrend can be quite limited going to lean on the threshold of 25, at most it could widen if we were in full downtrend on the psychological threshold of 20 cents, but I don't think so !!