The moving average system’s “bearish noose”:
Look at the moving average figures in the upper-left corner: MA7 (0.06864), MA25 (0.07452), and MA99 (0.07313).
The current price (0.06721) is below all three moving averages. This shows that the short-, medium-, and long-term trends have all completely broken down. The three moving averages form an airtight “iron ceiling” overhead, and every feeble rebound is an opportunity for the bulls to flee.
$MYX
Look at the moving average figures in the upper-left corner: MA7 (0.06864), MA25 (0.07452), and MA99 (0.07313).
The current price (0.06721) is below all three moving averages. This shows that the short-, medium-, and long-term trends have all completely broken down. The three moving averages form an airtight “iron ceiling” overhead, and every feeble rebound is an opportunity for the bulls to flee.
$MYX