Does this mark the end of the short-lived bull market?
- Massive Wedge Structure. Price action will have to break out from the overhead resistance to resume bullish momentum
- Consistently finding support on the 200MA (in red) over the past months, but only to recently fail on this support level yesterday.
Will need to observe as price action retests level as new resistance.
- RSI and MACD signalling some signs of divergence.
- Currently sitting on the 61% Fib Retracement level.
Regardless, 10k is a massive psychological support level. Lets see how this plays out :)
- Massive Wedge Structure. Price action will have to break out from the overhead resistance to resume bullish momentum
- Consistently finding support on the 200MA (in red) over the past months, but only to recently fail on this support level yesterday.
Will need to observe as price action retests level as new resistance.
- RSI and MACD signalling some signs of divergence.
- Currently sitting on the 61% Fib Retracement level.
Regardless, 10k is a massive psychological support level. Lets see how this plays out :)
