On the daily chart the cryptocurrency is in a “Go” as depicted by the blue bars but yesterday’s large down day has sent the GoNoGo Oscillator crashing to the zero line.
There should be support here if the current up trend is healthy.
Look for a bounce off the zero line, back into positive momentum, and for the “Go” trend to continue, pushing prices back near 10,000 in the short term.
If the GoNoGo Oscillator does not find support here then we’d consider the up trend threatened.
There should be support here if the current up trend is healthy.
Look for a bounce off the zero line, back into positive momentum, and for the “Go” trend to continue, pushing prices back near 10,000 in the short term.
If the GoNoGo Oscillator does not find support here then we’d consider the up trend threatened.
