200 EMA 1D is approaching.
USD is in freefall.
Many important MAs converged on the market trend today, i can only speculate. One last slam down to touch corrective line? Or the very first baby step of the new bull run?
Time will tell.
We are expecting 8k, maybe the whales are taking advantage of that.
A break down is a trip to 9500, below that the magic 8.
A break up indicates a test of the high channel at 14. - Looking bullish for this outcome.
However we have to break above 14 to confirm bull.. We are still in decision land!
USD is in freefall.
Many important MAs converged on the market trend today, i can only speculate. One last slam down to touch corrective line? Or the very first baby step of the new bull run?
Time will tell.
We are expecting 8k, maybe the whales are taking advantage of that.
A break down is a trip to 9500, below that the magic 8.
A break up indicates a test of the high channel at 14. - Looking bullish for this outcome.
However we have to break above 14 to confirm bull.. We are still in decision land!