Bounce is already over. Looking at further breakdown.
Jozza sentiment bet: 70% bear.
Unfortunately bearish sentiment remains strong and while a retracement occurred, it has hardly any volume. Looking at another dip soon. Target for next dip is 315 dollars which has horizontal price support and regional volumetric support.
Please see OBV chart where limp purchasing volume leaves the trace sitting on drawn support. It is likely to break down within the next 2 candles.
Notable resistance levels:
353 - Old Fibb resistance,
315 + 340 - Horizontal support price.
300 - Old long turned resistance
Unfortunately bearish sentiment remains strong and while a retracement occurred, it has hardly any volume. Looking at another dip soon. Target for next dip is 315 dollars which has horizontal price support and regional volumetric support.
Please see OBV chart where limp purchasing volume leaves the trace sitting on drawn support. It is likely to break down within the next 2 candles.
Notable resistance levels:
353 - Old Fibb resistance,
315 + 340 - Horizontal support price.
300 - Old long turned resistance
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