Post
Topic
Board Speculation
Re: Analysis
by
Wekkel
on 18/05/2020, 11:48:20 UTC
MasterLuc May 17 : Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

On the other hand, the weekly close was a bullish engulfing. Given the quick rebound to $10K, I'm not putting too much faith into that bearish divergence until we break last week's lows, or at least the daily lower BB (currently $8,330).

I also think the divergence is weak. But a breakdown downwards would not be unexpected. For now, we're still in limbo.