Long term RSI looks bearish
The rising RSI trend line reached tipping point as expected (purple line), coinciding nicely with long term resistance.
We appear to have entered the next stage of pull back.
There are a few supports along the way, but I would not be surprised if we hit previous low sub 6k. There is a long way to go yet though and much can happen en route.
Bear conformation past the 200MA, but I am not keen on waiting that long.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
We appear to have entered the next stage of pull back.
There are a few supports along the way, but I would not be surprised if we hit previous low sub 6k. There is a long way to go yet though and much can happen en route.
Bear conformation past the 200MA, but I am not keen on waiting that long.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
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