The close at 16,497 is above
the value of the downtrend line and is the first signal that the downtrend has ended.
Not exact matches
Fuel prices have been in a
downtrend since June, losing nearly 50 percent
of their
value, on the back
of a price war waged by OPEC (the Organization
of Petroleum Exporting Countries) against the U.S. shale producers and as demand from China decreased amid slowing growth.
It has been argued that volatility and «FUD» (fear, uncertainty and doubt) have masked the intrinsic
value of crypto assets during the latest
downtrend.
Over the last few weeks, most
of the bitcoin futures contracts have been bearish as traders forecasting the recent
downtrend in
value «shorted» the market.