Drop down to $6k likely in next 48 hours
In the days leading up to 10th June Stoch RSI was maxed out and RSI was approaching undersold.
Inevitably a $700 one day drop occurred.
In the days leading up to 22nd June Stoch RSI was very high and RSI was approaching undersold.
Inevitably a $700 one day drop occurred.
In the days leading up to TODAY Stoch RSI is maxed out and RSI undersold.
A $700 one day drop is therefore a very real possibility today or tomorrow.
I fully expect the $5555 critical support to hold if we come close to it.
This is all just part of the long term consolidation ahead of the rise back up to $20,000 later this year.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Inevitably a $700 one day drop occurred.
In the days leading up to 22nd June Stoch RSI was very high and RSI was approaching undersold.
Inevitably a $700 one day drop occurred.
In the days leading up to TODAY Stoch RSI is maxed out and RSI undersold.
A $700 one day drop is therefore a very real possibility today or tomorrow.
I fully expect the $5555 critical support to hold if we come close to it.
This is all just part of the long term consolidation ahead of the rise back up to $20,000 later this year.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Komen:
It's been building for a few days longer than anticipated, but we are well on our way down to $6k, with a $400 drop just in the past 12 hours.