My thoughts for the coming weeks
We are at a tough patch now unfortunately looking at the charts, and so I think it's safe to assume we will see some selling and slowing down in upward price action, until we find more momentum to carry us into price discovery.
As you can see, we're heading towards some very important areas. One being an old support level, now resistance. Following that we have the Fibonacci golden zone at an arms reach as well. If we manage to blow past those, we then have the big one which completely ruined us for years.
Conclusion:
As you can see from my comments on the chart, I can see us in the coming weeks cooling off, and eventually selling down towards the $10 range, to then eventually gain momentum and try again.
As you can see, we're heading towards some very important areas. One being an old support level, now resistance. Following that we have the Fibonacci golden zone at an arms reach as well. If we manage to blow past those, we then have the big one which completely ruined us for years.
Conclusion:
As you can see from my comments on the chart, I can see us in the coming weeks cooling off, and eventually selling down towards the $10 range, to then eventually gain momentum and try again.
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