Technicals 1hr
Price towards the bottom end of our range at $16.6k.
Price currently under all moving averages putting us in short term downtrend.
Bearish pennant suggests slight short term downside.
Expect price to visit support and future pivot both at $16.5k.
Over the next 24hrs we have a weekly pivot to fill at $17.6k, although we'll need significant volume to facilitate this (and no indication of where its coming from).
Price towards the bottom end of our range at $16.6k.
Price currently under all moving averages putting us in short term downtrend.
Bearish pennant suggests slight short term downside.
Expect price to visit support and future pivot both at $16.5k.
Over the next 24hrs we have a weekly pivot to fill at $17.6k, although we'll need significant volume to facilitate this (and no indication of where its coming from).