Expecting a resistance around 17k level(though 15k looks like a likely resist level as well) to form a second shoulder and a dead cat bounce. This would also coincide with the price being resisted by both Moving Averages, which have the potential to cross for another bearish confirmation. Support levels at 11.5k and 7.4-8.5k range.
PS I'm a newbie when it comes to TA and investing, take this with a grain of salt as its more of an exercise on my end. Would appreciate any feedback and criticism.
Looks like an on point analysis I also agree that’s it isn’t now going to be a strong bearish movement after the head and shoulders. Let’s see which support it breaks through ;)
BenCrypto
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@BenCrypto, sorry is now going to never bearish, typo.
BenCrypto
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@BenCrypto, wtf is up with the error that keeps turning my comments to negative... shit app sorry
JosipTrades86
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@BenCrypto, Haha its all good, thanks for the insight. Def going to be looking at the supports, great new years special price coming up it seems!