CONSOLIDATION IN PROGRESS . Testing 27K 30K 40K SUPPORT
With this downward slide we enter a deeper consolidation process to re-test our previous supports.
The downtrend should stabilize around 40K = (53K + 27K)/2 = 40K
In the long term chart shows we are still trying to establish a new uptrend to be tested in the next two days.
The current buyer vs seller in the order book shows a strong buyer position followed by a weak seller position:
The next stop 40K
We are in a very important process of consolidation which should lead to the next leg up.. If this fail to break resistance we may remain in consolidation for a longer period of time.
Buy-Black