After the break of the long-term pitchfork, the drop failed to accelerate as other key supports were just below. The re-test of the previous trend line & median line of shorter term pitchfork provided good support. So now we're in a narrow range between these 2 points. A break back above the longer term median sets eyes back on the yearly average @ ~$7600. Break below shorter term median line, previous trend line, and pink slope sets a target of the 25% slope around ~$5700. Another break below 30 RSI would also be key to pick up momentum to the downside
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.