As for now, we can spot several bearish signs on the chart.
Head and shoulder pattern appeared, RSI and MACD are showing bearish signs. However, there is hope! We closed above the 50 EMA and the price could not break the S1 Pivot-Point, which is a bullish sign.
So we have to wait for a sign!
We will probably back-test the baseline of the H and S pattern. Look out for a breakout above or down...
Head and shoulder pattern appeared, RSI and MACD are showing bearish signs. However, there is hope! We closed above the 50 EMA and the price could not break the S1 Pivot-Point, which is a bullish sign.
So we have to wait for a sign!
We will probably back-test the baseline of the H and S pattern. Look out for a breakout above or down...
