As it is known from the upper band of the channel we are in, the 200-week simple moving average and even a solid horizontal resistance area, we were rejected with the contribution of the deathcross realization and the negative discrepancy in the relative strength index and price correlation on the daily timeframe.
The predicted decline and reaction rise areas do not seem to be very pending.
As I expected, the main decision area seems to be around $18,500.
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The 50-day exponential moving average price has stalled for a bit.
@Yoachd, Nope, I think it's pretty valid. But I have to be honest, I think that a small part of the selling pressure in the decline is due to DeathCROSS.