Looking to retest 50 MA. Looking at this chart I can see that there has likely been a bounce up from 21 MA. With the range between 21 MA and 50 MA narrowing there should be a retest shortly. If 50 MA is broken next target is around 8k for 100 and 200 MA. With the 6700 level showing good support in the chart structure from the old resistance now acting as support. So I see at about 6800 level we are at now down side is 6700 and upside is 8000. That is a pretty nice spreed.
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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.