basically going off the information that has been presented to us, you see the ath retest at 13k get rejected and ever since that rejection we have been seeing a downtrend including ranging from 11-9k.
The 50 MA is slopping for a downward contact with the 200 MA which corresponds with the fib level .618 around the price of 7-8k range. This is not advice I am simply sharing what I noticed these past couples of weeks, As prices tried to refuel and retest the yearly Ath there was rejections with resulted in higher lows and i am suspecting we are headed for a convergence with the 200 MA.....
-Not trading advise...
The 50 MA is slopping for a downward contact with the 200 MA which corresponds with the fib level .618 around the price of 7-8k range. This is not advice I am simply sharing what I noticed these past couples of weeks, As prices tried to refuel and retest the yearly Ath there was rejections with resulted in higher lows and i am suspecting we are headed for a convergence with the 200 MA.....
-Not trading advise...
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