The price has been recovering above the 200 weekly MA so far. It would be great to see some more candles which are closing above the 200 weekly. The price to whatch is 5600 USD. As long the price can hold this level, potential upside movement is in play.
As we can see in 2018 and 2019, the 200 weekly MA triggered a bottom and further upside momentum. Could the reaction today be the same as in the past?
What do you think?
<not investment advice> <do your own research>
As we can see in 2018 and 2019, the 200 weekly MA triggered a bottom and further upside momentum. Could the reaction today be the same as in the past?
What do you think?
<not investment advice> <do your own research>