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The short-term trend is strongly bearish.
Why:
Huge red 4H candle.
Very large selling volume.
OBV dropped sharply, showing heavy selling pressure.
MACD is below zero and bearish.
Price broke down from the ~$6 area with strong momentum.
So right now, I would not call this a confirmed reversal.
$PROM
The short-term trend is strongly bearish.
Why:
Huge red 4H candle.
Very large selling volume.
OBV dropped sharply, showing heavy selling pressure.
MACD is below zero and bearish.
Price broke down from the ~$6 area with strong momentum.
So right now, I would not call this a confirmed reversal.
$PROM