It has risen and fallen in a classic parabolic manner in the space of just a few short months, and here’s where it’s currently trading on a monthly chart (as of 12:45 am ET on Tuesday).

There’s not a lot more that I can say about it, other than to repeat what I mentioned in my last article, which was that if it broke and held below 10,000, a measured technical move would send it back to its all-time low of 4.2…which is where major support sits.

Print Friendly, PDF & Email

Related Posts