On weekly chart we see that macd formed divergence while price made double top and later price fall bellow 61% fibo.
price is in downtrend. Macd is bellow 0 line and falling.
On daily chart price is in downtrend. MACD formed divergence before price started falling.
We see MACD forming divergence signaling upmoving. But it is not valid until macd is bellow 0 line.
ADX is above 25.
CONCLUSION: We are on strend downtrend. We may have retracement before price continues falling. Price should be aro…
price is in downtrend. Macd is bellow 0 line and falling.
On daily chart price is in downtrend. MACD formed divergence before price started falling.
We see MACD forming divergence signaling upmoving. But it is not valid until macd is bellow 0 line.
ADX is above 25.
CONCLUSION: We are on strend downtrend. We may have retracement before price continues falling. Price should be aro…