Guess we will know soon. Should be strong support at 56700. 0.5 FIB, previous resistance/support and on march 4h trendline
Comment:
Not holding, the next support could be the 100 EMA meeting the .618 Fib
Comment:
Ok. Looks like we are heading for option number 2
Comment:
Previous resistance at 54740 and then 53270 are next. The macro trend line is at basically overlapping the 200 EMA right now. Thats at 52200
Either way, breaking below that march 4H trend line was not a great sign
Either way, breaking below that march 4H trend line was not a great sign
Comment:
Support again at 100 EMA. Also volume during the drop from 59000 has been pretty low, which could indicate that bulls are not putting up a fight, but just waiting for a nice dip to buy back in.