The current price action is eerily similar to what we saw in March before a 57% drop.
The 10EMA in blue and 20EMA in purple are in nearly identical positions as they were in March.
Price is also trading slightly below the 50MA in green and above the 200MA in red.
If price can't get above the 50MA quickly we are going to see a major sell off, in my opinion.
The 10EMA in blue and 20EMA in purple are in nearly identical positions as they were in March.
Price is also trading slightly below the 50MA in green and above the 200MA in red.
If price can't get above the 50MA quickly we are going to see a major sell off, in my opinion.