This bears will find no rest until we reach 5000. Breaking the 6500 support line seems to confirm this proposition. So what, let's do it than. This slow decline is getting boring anyway. Go on weak hands, sell it all! So that we can find peace and get to start working. Okay, what's my point? We'll go further down towards the 5000 marker, a previous all-time-high. We'll find strong support there and move sideways for some time. Than we'll push upwards, testing 10000 and probably getting rejected. Back down again towards 7500 or even 6500, taking a huge jump to break through the heavy 10000 resistance and testing 12000. After that? I have noooouuuu idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.