With reaching a new ATH its common for buyers to take profit leading to a pullback.. i see a pullback to the .5 fib level which is right about where the 50MA is at the moment, and taking off to retest the $8 resistance.
Also it might be likely to pullback to the .618 fib level which was already touched and bounced off the 34MA(fib number MA) might touch again before another pump.
both are likely scenarios, comment which one you like more.
THIS IS NOT FINANCIAL ADVICE
Also it might be likely to pullback to the .618 fib level which was already touched and bounced off the 34MA(fib number MA) might touch again before another pump.
both are likely scenarios, comment which one you like more.
THIS IS NOT FINANCIAL ADVICE