Will the recent ACT rebound be short-lived? Death cross appears, and the bear storm is coming!
Last night, the ACT price suddenly rose with a strong big positive line, touching the bottom support of the trend, which made the market think that the rebound had already started. However, a careful analysis of the technical graphics behind it reveals an ominous sign - the MACD death cross quietly appeared, which means that the upward momentum will be difficult to maintain in the short term, and the market's bullish hopes may be shattered in an instant.
Technical hint: Although the short-term rebound brings a glimmer of hope to the market, the formation of the MACD death cross means that the bearish force is accumulating and the risk of market reversal is increasing. Once the price cannot be maintained above the support level, the bears may quickly launch an offensive and bring a larger correction!
The current rise is more like a "trapping" of the bears, and the bulls may be in their last gasp before "counterattack". The next few hours will be a critical moment to determine the life and death of the price trend!
Investors need to be cautious! The next market fluctuations may bring risks that cannot be ignored. The bear storm is brewing. Pay attention to the changes in the market after the death cross and be ready to adjust the strategy at any time!
