Despite the current support level holding strong again, the recent daily 15/50 death cross on the 27th August presents a possible indication of where the current consolidation period will break. The previous death cross provided a 50%+ retrace
Comment:
Well, it was a long time coming but the death cross from August 27th remained firm and finally that 9300 support level has broken.
At a 25% move down from the death cross, price touched 8k today but support here is going to be a tough task. Hold onto your hats.
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At a 25% move down from the death cross, price touched 8k today but support here is going to be a tough task. Hold onto your hats.