It looks pretty clear that we have some significant resistance around $9.5k. My initial call on $9.8k was based off of us rounding back down to the Tenkan line. That has occurred and currently held. If we do go $9.5 and actually bounce (vs breaking through the bottom of the Kumo Cloud) I would personally hold off for 1-2 candles before I would buy in myself to be sure we're bouncing. That's about 16-20 hours roughly from now is my guess.
You can see that we had a bearish divergence occur right before our current bear run.
Can we break $9.5k support and start a nice free fall or will be bounce off the $9.5 and start our run up....... thoughts?
You can see that we had a bearish divergence occur right before our current bear run.
Can we break $9.5k support and start a nice free fall or will be bounce off the $9.5 and start our run up....... thoughts?