We have moved back from where we came from (near $42k). The picture slightly cloudy, but think based on negative MA-10 vs MA-30, and still ample room downside within channel, providing we keep a medium-term stop $ 43,500 (10-MA period) we can take profit low $ 37k for now.
Further, we are outside the triangle, which should cause further down side in the near term.
Further, we are outside the triangle, which should cause further down side in the near term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.