#COAI 0.37 shorting, target 0.28, stop loss if it rebounds past 0.42.
The bearish pattern is textbook standard. After the rebound is precisely suppressed by the MA60, it accelerates below the previous low. The Bollinger Bands are widening downward, and the price is running along the lower band—it's a one-sided acceleration phase. After the MACD death cross, the DIF is accelerating downwards.
The bearish pattern is textbook standard. After the rebound is precisely suppressed by the MA60, it accelerates below the previous low. The Bollinger Bands are widening downward, and the price is running along the lower band—it's a one-sided acceleration phase. After the MACD death cross, the DIF is accelerating downwards.