Daily MACD – The MACD made a move lower to a reading of 2.56. Looks a little bearish here as sell orders moving higher.
Major Support Level – I’m watching for a catch of price soon no lower than $265-$270 where we should catch a heavy bounce. The previous pullbacks have built strong support below $200 so I think we will see a higher area low.
Major Resistance Level – Once price catches a bounce I think we could see it progressively move back up to $300. Never count cypto dead. I have been through so many of these pullbacks and each time people freak out.