1. PA seems like in attempt to break major downtrend resistance.
2. Golden cross(bullish cross) approx. on August 17th or earlier.
3. (If breakout) the next resistance should be around 44-45K. Expect huge sell-off around this or further at 50-51K.
4. If going down from here -> creating lower high = keep eyes on support 35.9K. Below 34.4K will turned bullish -> bearish for short term.
Happy trading!
2. Golden cross(bullish cross) approx. on August 17th or earlier.
3. (If breakout) the next resistance should be around 44-45K. Expect huge sell-off around this or further at 50-51K.
4. If going down from here -> creating lower high = keep eyes on support 35.9K. Below 34.4K will turned bullish -> bearish for short term.
Happy trading!
