Finally started to give us a meaningful pull back, we knew it was coming but it wanted to keep on pushing higher beforehand.
We can see that the 200 Day MA is making its way up to the price action now on the 1hr chart, which is also the blue line and just above the 0.38 Fib level.
A hold at this potential support level and the corrective wave could be complete.
Next support level is at the 0.5 Fib at $1.83, which is still a normal area for a corrective wave to pull back to.
Kyle
2023-08-04 18:41:51 +0000 UTCSteven
2023-08-02 21:57:40 +0000 UTC