Testing an important trend line right now.

Looking at where the recent drop stopped, it looks like we are testing the downtrend line from the ATH and recent pikes. This was broken through a while back, and looks to now be acting as support. However, I do not think it will hold. The sell volume has been much higher than buy, and I believe we have seen a double top. I think we will test the 6k level again in the coming week.

Don't trade based on what I said, do your own analysis. This is for educational purposes only.

Kommentera:

Not much bounce off the support and creeping back down now. Test #2 shortly.