Looking at where the recent drop stopped, it looks like we are testing the downtrend line from the ATH and recent pikes. This was broken through a while back, and looks to now be acting as support. However, I do not think it will hold. The sell volume has been much higher than buy, and I believe we have seen a double top. I think we will test the 6k level again in the coming week.
Don't trade based on what I said, do your own analysis. This is for educational purposes only.
Don't trade based on what I said, do your own analysis. This is for educational purposes only.
Comment:
Not much bounce off the support and creeping back down now. Test #2 shortly.