After six months we have closed under the 50d moving average again on the daily timeframe, last time was in october 2020 of this cycle. If you look back to the bullrun of 2017 you can see after we closed below this 50d MA we got a correction. If we are closing today below 56635 we are under the 50d MA again.
As long as we hold 55k as support I don't see anything happening yet.
As long as we hold 55k as support I don't see anything happening yet.
Comment:
Daily close 56500 under the 50dma
Comment:
Daily close 53800 below the 50dma and support of 55k