End of the month close: 48k, 61k, or 68k?
Updated
The key range seems to be 54.5-57.3k
A close above this range and the next resistance should be at 61k. If that is broken 68k is definitely possible by the end of the month.
A close below that range and we could easily revisit 48k before moving back up again. There should be strong support here (including mine) with everyone and their grandma buying the dips.
Or we could just consolidate in the key range for the next week before making a move. What are your thoughts?
A close above this range and the next resistance should be at 61k. If that is broken 68k is definitely possible by the end of the month.
A close below that range and we could easily revisit 48k before moving back up again. There should be strong support here (including mine) with everyone and their grandma buying the dips.
Or we could just consolidate in the key range for the next week before making a move. What are your thoughts?
Comment
The daily candle closed below the key range and next daily closed at the monthly R2 pivot point just as predicted. It just happened much faster than we expected.While things are looking green at the moment, a daily close below the monthly R2 at 48k and we'll be back at 41k and looking at a 30% retracement from the ATH.
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