1Y
RSI is trending up.
MFI is trending down.
5Y
RSI is trending down.
MFI is trending down.
ALL
RSI went oversold and is in a down trend.
MFI is trending down.
There is a gap around $12.
Prediction: Given that the indicators are showing bearish trends, RSI went oversold on the ALL timeframe and there is a gap at $12, we will fall going towards $12.
For my educational purpose, not to be used as financial advice.
RSI is trending up.
MFI is trending down.
5Y
RSI is trending down.
MFI is trending down.
ALL
RSI went oversold and is in a down trend.
MFI is trending down.
There is a gap around $12.
Prediction: Given that the indicators are showing bearish trends, RSI went oversold on the ALL timeframe and there is a gap at $12, we will fall going towards $12.
For my educational purpose, not to be used as financial advice.
Iron prices fell 20%. This is because China is placing curbs on steel production, so a lot less iron ore is needed.