Could be retracing to the .618 fib (around 7790) from the previous rally to 9.9'ish, but not even sure it could reach that high as we have been struggling to break 7.6'ish.
Volume is decreasing, price is climbing since our previous low which is a bearish sign.
It could turn ugly when volume returns again and go test the lower orange trend line sometime around next week.
I don't think it would stop at the .786 (7200) fib as we have been avoiding it pretty well for the past few days. More like a one shot drop, before it bounces around 6.8-7k level.
We'll probably have a clearer direction once volume returns.
note: low volume means easy manipulation, probably some more barts to be expected this week-end
Could be retracing to the .618 fib (around 7790) from the previous rally to 9.9'ish, but not even sure it could reach that high as we have been struggling to break 7.6'ish.
Volume is decreasing, price is climbing since our previous low which is a bearish sign.
It could turn ugly when volume returns again and go test the lower orange trend line sometime around next week.
I don't think it would stop at the .786 (7200) fib as we have been avoiding it pretty well for the past few days. More like a one shot drop, before it bounces around 6.8-7k level.
We'll probably have a clearer direction once volume returns.
note: low volume means easy manipulation, probably some more barts to be expected this week-end