The reason for price to come down after going to $9500 is not weakness in price momentum but a result of slippage from short squeeze. I am looking for a close above 21 weekly moving average both this week and next week. I have shown in other posts how price above 21 weekly has indicated bullish trend. Stoch RSI and MACD are both showing up trend. It's possible next week $9500 will be tested again.
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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.