Although it is still close to the intersection, it is likely to rise, but as shown in the first stage of the decline, it showed a sharp dip below the downward trend line.
1st point of decline: 100MA on the weekly chart. 2nd dip: 20MA or purple uptrend line on the monthly chart. 3rd point of decline: 1000MA on the daily chart.
A rebound will occur at one of the first or third declines.
If you continue to touch Uptrend line drawn at the beginning of 2019, you'll be reselected around October 27th.
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