Is Everest Consolidator Acquisition Corp. technically bullish or bearish?
As of June 12, 2025, the market trend has shifted to bearish, indicated by negative MACD readings, bearish moving averages, and Dow Theory signals, despite a bullish monthly RSI.
As of 12 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a strong indication of weakness. Key indicators driving this include bearish MACD readings on both the weekly and monthly time frames, bearish moving averages on the daily chart, and bearish signals from Dow Theory on both weekly and monthly levels. The Bollinger Bands also reflect a bearish sentiment on the monthly chart. Although the monthly RSI shows bullishness, it is overshadowed by the overall bearish trends in other indicators.
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