Big MACD divergence on 3hour chart indicate an early sign of trend reversal. Signaling bears are losing momentum.
Possible double buttoms indicating bear power diminishing and respecting last support line of 7,700 [s.
If MACD, divergence is right double buttoms could be confirmed at around 8500 which would also break the downtrend line.
As we see we have not broken the downtrend channel, we had a false breakout since the confirmation of the bearflag. We have a 1 day MACD possible cross *not confirmed yet(, if this happens we could see a new bkreaout, entering a new bull market with high ressitance levels at around 11,700.
If we brek current support we could continue to see a further correction...
As we see, we have not broken the downtrend, we had a false breakout and now we are on full bear market mode since bear flag confirmation, MACD is not confirmed yet, but if we see a clear cross in the next 2/3 days we could break the bear channel once again, possible entering a new bull market with hight ressitance levels at around 11,700.
If we break support we...
