Trade setup: Broke below $1,700 and $1,500 levels and found support around $1,000 after it got very oversold (RSI < 30). However, overall still remains in a downtrend. (set a price alert).
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $1,000. The nearest Resistance Zone is $1,500 (previous support), then $1,700 and $2,200.
Entertainment purposes and educational only.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $1,000. The nearest Resistance Zone is $1,500 (previous support), then $1,700 and $2,200.
Entertainment purposes and educational only.
Avange-Lina