So, here's what is happening right now:
This 2 hr chart seems to be painting a clear picture of support/resistance levels to watch (on top of the horizontal levels)
200 MA = Support
Green Trendline = Support
$7185 = Horizontal Support
$7270 = Horizontal Resistance
600 MA = Resistance
If we drop below the green trend line and confirm it as resistance I'd expect a movement further down to $6900, if we manage to break above the 600MA and confirm it as support I'd expect us to go to at least $8300.
This 2 hr chart seems to be painting a clear picture of support/resistance levels to watch (on top of the horizontal levels)
200 MA = Support
Green Trendline = Support
$7185 = Horizontal Support
$7270 = Horizontal Resistance
600 MA = Resistance
If we drop below the green trend line and confirm it as resistance I'd expect a movement further down to $6900, if we manage to break above the 600MA and confirm it as support I'd expect us to go to at least $8300.