Next up 200DMA in short term? Then back down for a clean bottom?
We had a big nice jump up from the 50DMA to the 128DMA, so what's next go up higher to the 200DMA or retest the lows before trying to go back up. Either way we have an unresolved bottom at around $5800-5900 that's been tried and retested one to many times, and no clear break and resolution from it, so eventually we'll have to go back to it in the medium term, before ultimately breaking out of this bear cycle. Big picture we're still well below the 200DMA, historically very cheap, and its still a good time to buy for a true long term perspective no matter what happen in the short term next coming months!
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