Right now the price is caught between the 50 and 200 Day MA on the daily chart, the real question now is, what is this waiting for?....does it start moving higher with the market now?....it has moved off its previous low from early Sept from $24900 to $28500 high, so a move has been made, so it needs to hold a higher low now next to confirm the upward trend.
I believe this is in its impulse wave now and not at risk of turning into a corrective wave, it may pull back further but I only see that as an extended Wave 2 and nothing else.
Wobbly
2023-10-16 01:51:21 +0000 UTC