Since 2024, each time the 10 day crossed the 20 day (which just happened), we had already dropped and bounced off the 50 day.
This has not happened this time. Aka = this time will likely be different.
I expect we will go down to the 50 day ~$90, if the larger bulltrend is intact, this will just be a pullback. If not, this will just be a speedbump where shorts are closed and this price rallies back up to the 20 before continuing downward.
This has not happened this time. Aka = this time will likely be different.
I expect we will go down to the 50 day ~$90, if the larger bulltrend is intact, this will just be a pullback. If not, this will just be a speedbump where shorts are closed and this price rallies back up to the 20 before continuing downward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.