Back in the cloud "no trade zone" Feb 19th broke local trend, between the newly established bear trend (red) and the older local trend (yellow) we will consolidate in the this wedge.. Until around march 15th. At this time we will revisit a major support zone (the accumulation zone) this should provide us with some additional information where the price action will go. As the 20EMA is already failing against the 50EMa and the price action is below both EMAs. Two potential cases we go sideways in the accumulation zone til' March 28th, if the sell points are high enough we will be able to break the bear trend or the major support (the established accumulation zone) breaks and we see levels as low as 12.5k-18.5k.
"tay Frosty"
-kewlkat
"tay Frosty"
-kewlkat