1. Moving Averages (MA)
- *SMA 50:* Around $1,860, suggesting a short-term upward trend.
- *SMA 200:* Approximately $2,530, indicating a long-term downward trend.
2. Relative Strength Index (RSI)
- *14-day RSI:* 77.05, signaling an "Overbought" condition. This may indicate a potential price correction or pullback.
3. Support and Resistance Levels
Further analysis would involve identifying key support and resistance levels to determine potential price movements and trading opportunities.
Key Takeaways
- Short-term bullish trend vs. long-term bearish trend.
- Overbought condition on the RSI may lead to a price correction.
- Monitoring support and resistance levels is crucial for trading decisions.
