Morning guys, just a quick update on my analysis yesterday.
We saw the breakout to the downside last night/early this morning as I said was likely to happen yesterday.
We can also see some very very strong bearish divergence on the RSI as well.
I think we can quite comfortably and realistically predict a drop-down to around the 30k levels again now potentially by the weekend, whether we find support again or finally break to the downside turning this level to resistance is too hard to predict right now.
If anything else comes up in the charts or something changes drastically I'll be sure to drop an idea for you guys.
We saw the breakout to the downside last night/early this morning as I said was likely to happen yesterday.
We can also see some very very strong bearish divergence on the RSI as well.
I think we can quite comfortably and realistically predict a drop-down to around the 30k levels again now potentially by the weekend, whether we find support again or finally break to the downside turning this level to resistance is too hard to predict right now.
If anything else comes up in the charts or something changes drastically I'll be sure to drop an idea for you guys.