I still think there's more down-side despite the recent optimism in the market.
We've essentially been moving sideways for a month and I suspect we'll largely continue moving sideways for a while longer.
There's still a pretty hard resistance above 22k.
I think a test of previous support is coming with price going back down to 17.2k.
If we do get above 22.5k then we could be seeing a relief rally as high as 29k.
We've essentially been moving sideways for a month and I suspect we'll largely continue moving sideways for a while longer.
There's still a pretty hard resistance above 22k.
I think a test of previous support is coming with price going back down to 17.2k.
If we do get above 22.5k then we could be seeing a relief rally as high as 29k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.