We've broke through our 200 SMA (red), 12/26 EMA( yellow/purple) which tested as resistance on the 1 Daily Chart. Could be good confirmation for some more downside action. There's a pretty good chance we go back to restest our
8,000$ support. Only support I see holding as of right now is our 50 SMA (green) which I don't find to be strong in the past. We could potentially get a bounce within our green rectangle with S1 as support/resistance line.
A good confirmation for action to the upside would be when we can break our 100 SMA (orange) and act as support, but as of right now it's very strong resistance.
8,000$ support. Only support I see holding as of right now is our 50 SMA (green) which I don't find to be strong in the past. We could potentially get a bounce within our green rectangle with S1 as support/resistance line.
A good confirmation for action to the upside would be when we can break our 100 SMA (orange) and act as support, but as of right now it's very strong resistance.