On the Weekly chart, we are reaching a very important resistance line. If we breakdown and move beyond 28K, we are going to see some serious fall in price. But we could also bounce back up ;-)
The volume this low in the last two weeks was last detected in 2016! 5 Years ago!. Bear trap, maybe?
Note that only when we cross 41K, could we say that we are finally bullish.
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The volume this low in the last two weeks was last detected in 2016! 5 Years ago!. Bear trap, maybe?
Note that only when we cross 41K, could we say that we are finally bullish.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.