Miner Rejection At the 50 MA

The Miners were rejected by the 50 day MA on Tuesday.

Tuesday was day 8 for the daily cycle. A peak on day 8 would indicate a left translated daily cycle formation. Which aligns with the Miners currently being in a daily downtrend. If the Miners form a swing high below the upper daily cycle band then they will remain in their daily downtrend and trigger a cycle band sell signal. A break below 31.07 will form a daily swing high.

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