Currently trading below all major SMAs (50, 100, and 200). If we break and hold below 30k which has a major support zone, I would expect to see further correction down towards my bearish target. If, however on the other hand the 30k level decides to hold as support, another retest of the descending resistance trendline should be warranted.
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Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
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