I added this late last week but just as a quick refresh, we can see that there continues to be some resistance at the $69k level which we know is a resistance line since Feb and the price is testing the 20 Day MA now.
Still no test of the 50 Day MA just yet, unlike the market and other Mega Caps, so it is still holding up well and could easily test the $69k level again and break out of this formation but for now, I am showing the bearish count while the price is below $69k.
Who would buy here if Wave C can test $51k on the 0.38 Fib?
Byron Tanigawa
2024-06-02 06:32:41 +0000 UTCThomas Brandt
2024-06-01 21:33:00 +0000 UTCSteve Cullip
2024-06-01 17:13:09 +0000 UTCSam
2024-06-01 16:28:13 +0000 UTCBaktash Azizi
2024-06-01 15:38:41 +0000 UTCShaleen Deep
2024-06-01 15:36:17 +0000 UTCIrina
2024-06-01 15:36:06 +0000 UTC