The prognosis for week 3 of May 2022 is Bear.
This assessment in no way considered financial advice.
This week a large-sized Bear candle was produced. Its lacking tails indicates an almost complete lack of Bull contest. The OBV indicates the conviction of the trend. The volume on the other hand is consistent with other weeks, this means the selling value is justified. There is a good probability this chart will see some support around $1716 price point. This week is a decent chance for Bear.
This assessment in no way considered financial advice.
This week a large-sized Bear candle was produced. Its lacking tails indicates an almost complete lack of Bull contest. The OBV indicates the conviction of the trend. The volume on the other hand is consistent with other weeks, this means the selling value is justified. There is a good probability this chart will see some support around $1716 price point. This week is a decent chance for Bear.