-it seems there is bottoming action as we see a dragonfly here.
-blue line on the macd goes back a couple months indicating a bearish divergence; however there is room to grow.
-rsi is also rising since it bottomed out a couple days ago.
-can see an INCREASE to around 9300-9400 where we see the 200 ma and a local resistance.
-there will most likely be a decrease from here to 8400, ultimately. (note: if it breaks this point then we can see a quick drop to mid 7k's.
people are scared during this time
stay safe.
not financial advice.
-blue line on the macd goes back a couple months indicating a bearish divergence; however there is room to grow.
-rsi is also rising since it bottomed out a couple days ago.
-can see an INCREASE to around 9300-9400 where we see the 200 ma and a local resistance.
-there will most likely be a decrease from here to 8400, ultimately. (note: if it breaks this point then we can see a quick drop to mid 7k's.
people are scared during this time
stay safe.
not financial advice.
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