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notgonnabesuck
Jan 26, 2020 5:32 PM

CGC Weekly Review Long

Description

1/24/2020

Weekly inside bar after the bull break last week. Price closed near the low of the week. Not a great sign for the bulls.

However, as it has been mentioned on the daily reviews, the bull thesis will not be invalidated until we have a close below $20.14.

Price currently sits at EMA20 and has a few zones of support underneath (check daily review).

Bulls need to take the ball back from the bears and the next candle will provide a great deal of insight as it will also have a great implication on the monthly chart.

DON'T GUESS!
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