Odds favor a new low
For the strong breakout on May 19, usually there will be two legs down. The first leg has completed. Odds favor another leg down. Many bulls are willing to buy when there is a new low with strong buy signal.
Market is now in trading range. There will be strong price action after consolidation ends.
There are several resistances above. 1) it is the top the triangle. 2) EMA20. 3) 43000. 4) 47000. 5) 50000.
Market is now in trading range. There will be strong price action after consolidation ends.
There are several resistances above. 1) it is the top the triangle. 2) EMA20. 3) 43000. 4) 47000. 5) 50000.
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