Still drifting down towards the 0.78 Fib here but we can see that the 200 Day MA is waiting at this level too so this is shaping up to be a strong confluence level at $5.57 now.
Crypto coins and companies are experiencing a pull back now after running very strong over the last 3 months.
Strong runs like this, especially over a short period of time are almost always met with strong pull backs.
Christian Wacker
2024-02-07 21:15:26 +0000 UTCAlberto
2024-01-20 16:06:11 +0000 UTC