Hello,
Everything seems to point to a drop to around 5k in the next month.
1 - The price is getting to the tip of the descending triangle.
2 - 3 going below a 2 on the setup phase of TD Sequential.
3 - The last fibonacci line is around 5k.
4 - The 30 day MA is approaching 5k.
5 - Strong support (previous resistence) on the 5k area.
Best regards,
Alexandre Simões
Everything seems to point to a drop to around 5k in the next month.
1 - The price is getting to the tip of the descending triangle.
2 - 3 going below a 2 on the setup phase of TD Sequential.
3 - The last fibonacci line is around 5k.
4 - The 30 day MA is approaching 5k.
5 - Strong support (previous resistence) on the 5k area.
Best regards,
Alexandre Simões
Comentário:
The descent has started. The daily RSI is reaching new lows at 5550. Let's see if we get to 5k or bounce a bit earlier than that.