You can see the most recent trendline up as a relief after the big drops from 60k
Breaking this trendline to the downside indicates further downside and a continued larger downtrend.
US tech has also been on the decline.
Looking at the chart you can see the large trend that was started from 65,000 this trend is continuing on the daily and the monthly chart has recently crossed on the MACD which could indicate further downside below $30,000
Current price is $37,000
The relief rally has lasted about a week and has neared its end
There's no new highs and no more recovery
from here it will likely continue declining further
The larger downtrend can be better seen on the weekly and monthly charts.
You can see BBLG was very volatile at $100
It since dropped to its now lows around $4
It has traded at this level for a LONGGG time
forming a long base.
You know how you see stocks that went up 200% in a day and previously they were nearly flat before going vertical? This may be one of those stocks.
Recently there was a huge jump in buying volume of 72 Million,...
I don't even like BYND meat
but supposedly bears are piling onto the stock, and so I looked
The chart looks poised for a reversal higher on both the daily, weekly, and monthly charts.
If they got it to break to new lows I could see it going lower but right now it looks like it should go higher, which would kill all the bears.
Look at this chart
You can see TSLA is at near all time highs, but has failed to make new highs recently.
MACD has crossed
Elon recently made excuses for selling Billions in stock for "taxes" but really he just new the rally was over
Zillow has been selling out of the homes it bought
Blackrock is being quiet about the purchases it made.
The stock market and housing prices are higher than they were before the 2008 financial crisis.
The Fed has said there will be 4 rate hikes this year
Evergrande is trying to prevent a second default
Jamie Dimon has said there will be "volatility this...
ICP has been down in the gutters for a LONGGG time
It's been showing some volatility lately and has been moving contrary to bitcoin in an upward trend
Looking on the daily chart it is hard to identify the trend but when looking at the the weekly chart you can see it.