Stock Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
BITCOIN ETF (TSE:EBIT)
Sidelines Mode (-55) - EBIT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EBIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for EBIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EBIT
The long-term trend has been DOWN since Jan 5th, 2022 at 21.90
The intermediate-term trend has been UP since Jul 18th, 2022 at 10.67
The short-term trend has been DOWN since Aug 17th, 2022 at 11.36
Smart Scan Analysis for EBIT
Based on our trend formula, EBIT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).