Post
Topic
Board Speculation
Re: Correction from $30K: Reason to worry?
by
dragonvslinux
on 21/04/2023, 20:44:38 UTC
Well, there goes $28K support. It held well for a month but isn't holding anymore. With the -10% correction so far this week, I suspect we'll see a further pull-back next week unless $28K can be reclaimed by end of week. I don't mean to sound bearish, only realistic, but not convinced the 200 WMA will hold, nor $25K, as most of the volume is around $23K which is the realistic next level of support for price.

Either way it's a good time to accumulate I think. It's been almost a year that price has been in a wide range between $15K and $30K, so the fact it remains there is still bullish imo.