Weekly chart
In a strong bearish market, what can possible
support the price action?
200 SMA @ $3149
233 EMA @ $3701
Blue trend line which was resistance and
turned into support, will it hold?
Fibonacci ratio's with the 100% level @ $1826 around
a 10 Jul '17 low indicates price action around
88.60%. The 88.60% was prominent with a Feb '14 low
after the Nov '13 high.
Is this enough?
RSI pointing downwards, currently the 2nd lowest
weekly RSI with 12 Jan '15 lower.
In a strong bearish market, what can possible
support the price action?
200 SMA @ $3149
233 EMA @ $3701
Blue trend line which was resistance and
turned into support, will it hold?
Fibonacci ratio's with the 100% level @ $1826 around
a 10 Jul '17 low indicates price action around
88.60%. The 88.60% was prominent with a Feb '14 low
after the Nov '13 high.
Is this enough?
RSI pointing downwards, currently the 2nd lowest
weekly RSI with 12 Jan '15 lower.