Suspect bearish resolution to triangle forming, low target of 315-320 USD. Stop loss 290 USD.
Unfortunately Microsoft news did not 'kill the bear', likely due to instant liquidation to fiat on Microsoft's part (unsubstantiated).
As we can see on OBV, the support provided by this level is turning to a resistance zone. Bearish sell pressure is increasing. Next horizontal support level significantly lower.
Unfortunately Microsoft news did not 'kill the bear', likely due to instant liquidation to fiat on Microsoft's part (unsubstantiated).
As we can see on OBV, the support provided by this level is turning to a resistance zone. Bearish sell pressure is increasing. Next horizontal support level significantly lower.