- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- A significant cluster of buyers is above the current price, this is evidenced by a sharp increase in Profit Ratio every time the price rises. Upward movement is difficult, correction is possible.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
Chart & Analyst Comments
