The price has hit resistance. The risk is greater than reward.
Selling pressure has eased and the price action has bounced from long-term support.
Near long-term support. Reward is greater than risk.
Currently at long-term support.
Expect downside. Risk is greater than reward.
Long-term support around .20
Bearish divergence and a loss of momentum. It will continue to fall. 200ma= $126. Support= $120
Waiting for a move outside of the triangle but am expecting further downside due to the price action.
200ma near $8,300 and a decent bounce from around $8,000. If $8,000 doesn't hold next support level is around $7,400.
The risk is greater than reward.
Further downside to be expected.
