The post Microsoft forms alarming pattern in almost 10 years; Is $350 crash next? appeared on BitcoinEthereumNews.com.

Microsoft’s (NASDAQ: MSFT) technical indicators are displaying a concerning outlook for the stock as the equity continues to take a hit from the broader market sell-off. Indeed, MSFT’s recent losses have led to the stock losing the $400 support level, ending the last trading session at $397.90, down 1.5%. Microsoft is also in the red year-to-date, having plunged almost 5%. MSFT YTD stock price chart. Source: Finbold MSFT forms death cross  Amid the current trading levels, the stock has triggered a death cross formation for the first time in almost a decade.  This pattern, characterized by a short-term moving average (MA) crossing below a long-term moving average, specifically, a downward-sloping 200-day moving average, has historically been viewed as a bearish signal. MSFT stock price analysis chart. Source: Barchart Notably, the potential downside from the death cross formation is further complicated by the downward-sloping 200-day moving average, which points to a possible sustained erosion of upward momentum and a shift toward a bearish trend. Microsoft started 2025 on a strong note, climbing to a peak of $447 in late January. However, recent price action indicates a potential trend reversal.  The formation of a death cross raises concerns about prolonged downside risk. In particular, MSFT may test the critical $350 support level, especially if broader market weakness persists. Conversely, Elephant Capital’s technical analysis platform does not see MSFT’s losses escalating. According to an X post on February 25, the platform noted that the current losses might represent the final stages of a major corrective wave before a potential rally beyond $510. MSFT stock price analysis chart. Source: TradingView This projection is based on the weekly chart, which suggests that MSFT is completing wave (4) of a broader Elliott Wave structure, setting the stage for a fifth wave advance. Such patterns often precede…

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Filed under: News - @ February 26, 2025 11:21 am