Hello traders,
I know in my last post I said I wouldn't post until October 1st, but this is basically the same chart so figured why not.
We rejected the top of the rising wedge yesterday around $50,500.
100 day moving average is around $46,500 as of right now and climbing higher and higher after every close. This moving average is used for trends, once it breaks below into resistance we probably make our way towards $37,400.
I don't think we will be able to get above $52,000 and hold, so I'm calling the top somewhere below this level.
Stay safe, and have a great week.
👍
I know in my last post I said I wouldn't post until October 1st, but this is basically the same chart so figured why not.
We rejected the top of the rising wedge yesterday around $50,500.
100 day moving average is around $46,500 as of right now and climbing higher and higher after every close. This moving average is used for trends, once it breaks below into resistance we probably make our way towards $37,400.
I don't think we will be able to get above $52,000 and hold, so I'm calling the top somewhere below this level.
Stay safe, and have a great week.
👍