In attempt to break major downtrend
1. PA seems like in attempt to break major downtrend resistance.
2. Golden cross(bullish cross) approx. on August 17th or earlier.
3. (If breakout) the next resistance should be around 44-45K. Expect huge sell-off around this or further at 50-51K.
4. If going down from here -> creating lower high = keep eyes on support 35.9K. Below 34.4K will turned bullish -> bearish for short term.
Happy trading!
2. Golden cross(bullish cross) approx. on August 17th or earlier.
3. (If breakout) the next resistance should be around 44-45K. Expect huge sell-off around this or further at 50-51K.
4. If going down from here -> creating lower high = keep eyes on support 35.9K. Below 34.4K will turned bullish -> bearish for short term.
Happy trading!
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