46k Key Level

9. Aug. 2021

We're due for a sell off to correct the market. Trading way above the 20 and 50 daily EMA , additionally we should be seeing major resistance in the 46k range. Price history has shown this to be a significant trading area in the past, most recently the big drop we experienced in May found support at 46k in the middle of a free fall. I expect this area to act as a barrier in order to move to 50.