The recent upswing in the counter has worn off after reaching the highs of 109.
It broke its bullish trendline and formed a lower high, lower low formation as well.
The MACD indicator shows the bullish momentum has dwindled.
Hence, we expect the pair to head down from here.
It broke its bullish trendline and formed a lower high, lower low formation as well.
The MACD indicator shows the bullish momentum has dwindled.
Hence, we expect the pair to head down from here.