TREND: As Benjamin Cohen said (see the link), once the weakly closes under the 50W-MA, the price go down to the 200W-MA (Happend 2 times). If you calculate the percentage drop from the 50W-MA to the 200W-MA you get: -for the 11 Aug 14, a drop of 59%; -for the 28 May 18, a drop of 59%. Now if you calculate a drop of 59% from 3 Jan 22, you get a price of around 20k...
- OBV not able to get up the line since the start of the bull run. (3 times) - Wave bearish signs - Broke through channel
Consolidation going on with sustained increase of lows and top being clearly mark at 1.50