- A strong bounce off the ascending support
is necessary in order to break through
the descending resistance, and 20,50,200
day moving averages.
- A break above $8,000 is needed for bullish reversal
- A downward channel has formed, leaving possibilities
for bullish reversal in the $7,000-$7400 buy zone.
is necessary in order to break through
the descending resistance, and 20,50,200
day moving averages.
- A break above $8,000 is needed for bullish reversal
- A downward channel has formed, leaving possibilities
for bullish reversal in the $7,000-$7400 buy zone.