Relief bounce yesterday followed by a difficult day today, as trouble continues with Binance and $COIN, we spoke before that we expect further issues to develop.
On the chart, price rejected at the 50 and 200 Day MA on the 1hr chart today....the 50 Day MA looks to be crossing down through the 200 Day MA next, which is a bearish signal.
For now, $COIN needs to stay in this wedge or a break down will certainly bring this down to the low $30's.
Chemguy
2023-06-09 18:33:55 +0000 UTCGareth Neary
2023-06-09 18:03:52 +0000 UTCChemguy
2023-06-09 17:30:11 +0000 UTC