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The last week's price action shows a reversion to the 50-day...

  1. volcanic.eruption
    250 Posts.
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    15/09/19
    16:25
    Post #: 40427825
    The last week's price action shows a reversion to the 50-day moving average as short-term resistance:

    https://hotcopper.com.au/data/attachments/1726/1726146-d1db27c844a326c039e217911cbf6ffb.jpg

    The weekly chart shows a fourth week of consolidation around $15,000. This however has broken below the the previous symmetrical triangle (yellow lines):

    https://hotcopper.com.au/data/attachments/1726/1726151-60b49e96b178bebdd9009a5dbd6e9ae2.jpg
    Price at posting: 0.0001 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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