Not too long ago, a death cross occurred between the 50 and 200 day weighted moving average (red & blue). This is a strong bearish signal. We may see the same for the exponential and smooth moving average.
Notice the broken base at $9,025. The next key base is $6,001. I expect a bounce from here. However, it seems likely that the price will get rejected at the previous base ($9,025) during the next leg up.
I envision a long and painful correction that lasts several months.
These are my personal opinions. Please do not construe them as investment advice.
Notice the broken base at $9,025. The next key base is $6,001. I expect a bounce from here. However, it seems likely that the price will get rejected at the previous base ($9,025) during the next leg up.
I envision a long and painful correction that lasts several months.
These are my personal opinions. Please do not construe them as investment advice.