An ascending channel in a long term uptrend has broken out on the downside. This is surely a potential bear move on the horizon.


Extreme caution is however needed to be practiced in anticipating a fall in price as the main trend is still an uptrend, the market could quickly continue on an upward trajectory.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.