AI
Wednesday, June 05, 2019 5:57:07 PM
Some were surprised by yesterday's price action but we all need to remember that this is Crypto and manipulation and whale activity can result in huge spikes on a minute to minute basis. The critical support level held and
maintained the bullish structure of the chart, we hope for a positive move towards the $9600 area to complete the 5th wave before a much more severe correction. We will be taking profits and waiting to buy on the next dip if that scenario plays out. The alternative is that we break bearishly from the new channel and through the $7700 support with $6600 asa downside reversal target. Any such breakdown longs will be laddered in from the $7000 area depending on velocity of decline. Be safe trading and protect profits $7700 is the KEY SUPPORT
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