⚡️Alright so this won't be much of a specific TA just due to the fact that I've got to go but I'll give this quick for now. Stuff is basically looking like we could be in for another Death cross if that 50-day moving average slips below our 200-day moving average. We've regained our ground since the slip to $16,900 basically but if we fail to break $17,200 or get rejected harshly there again then we can see another leg down which would risk that 50-day slipping below and causing the death cross.
⚡️Now should we manage to avoid that and form a higher high above $17,200 then that should let us have another go at our $17,290 resistance point. I've encircled the two pivotal points for the 200 EMA in black that demonstrate what happened when we got that golden cross and where we are at right now with the risk of losing our footing and risking retracing back possibly to $16,800 and $16,480 below that next.
⚡️Gonna leave things here for now since I've got to go but if you'd like to leave a like or follow it'd be much appreciated, thank you and wishing the best as always!
~ Rock '
⚡️Now should we manage to avoid that and form a higher high above $17,200 then that should let us have another go at our $17,290 resistance point. I've encircled the two pivotal points for the 200 EMA in black that demonstrate what happened when we got that golden cross and where we are at right now with the risk of losing our footing and risking retracing back possibly to $16,800 and $16,480 below that next.
⚡️Gonna leave things here for now since I've got to go but if you'd like to leave a like or follow it'd be much appreciated, thank you and wishing the best as always!
~ Rock '