Continued same old news.
Bulls cannot get above the resistance zone I had outlined.
Bulls cannot keep above EMA resistance.
Bulls cannot hold the $7k support we outlined last chart.
And now as explained last chart, once $7k caved, bulls would be in real danger of losing their $6.5k support. And here we are finding the bulls trying to desperately hang on and avoid another weekly lower low which would put price back to May 2019 prices.
On a weekly chart we are in a descending pattern here which bottom would be somewhere around 6.2k and if that failed, price would be in a bit of a free fall. I will insert that photo here to give an idea of what I am watching.
Just My 2 Sats!
Bulls cannot get above the resistance zone I had outlined.
Bulls cannot keep above EMA resistance.
Bulls cannot hold the $7k support we outlined last chart.
And now as explained last chart, once $7k caved, bulls would be in real danger of losing their $6.5k support. And here we are finding the bulls trying to desperately hang on and avoid another weekly lower low which would put price back to May 2019 prices.
On a weekly chart we are in a descending pattern here which bottom would be somewhere around 6.2k and if that failed, price would be in a bit of a free fall. I will insert that photo here to give an idea of what I am watching.
Just My 2 Sats!
