ATH correction continuation
basically going off the information that has been presented to us, you see the ath retest at 13k get rejected and ever since that rejection we have been seeing a downtrend including ranging from 11-9k.
The 50 MA is slopping for a downward contact with the 200 MA which corresponds with the fib level .618 around the price of 7-8k range. This is not advice I am simply sharing what I noticed these past couples of weeks, As prices tried to refuel and retest the yearly Ath there was rejections with resulted in higher lows and i am suspecting we are headed for a convergence with the 200 MA.....
-Not trading advise...
The 50 MA is slopping for a downward contact with the 200 MA which corresponds with the fib level .618 around the price of 7-8k range. This is not advice I am simply sharing what I noticed these past couples of weeks, As prices tried to refuel and retest the yearly Ath there was rejections with resulted in higher lows and i am suspecting we are headed for a convergence with the 200 MA.....
-Not trading advise...
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