
At 1,930 on 2 September and 2,115 on 4 September volumes have been much stronger on green candle days than on the red days (1,365 on 3 September and a very slim 282 yesterday). This lower volume on the pullbacks implies there is no real conviction for a change in trend. Strong MACD, RSI and OBV show there is still some momentum, but with RSI still at 79, a meaningful pause may be needed before the next leg higher. The uptrend drawn from 13 August is still intact so long as prices remain above $50,000 for the next few days. Significant support is at $45,800, the high from 26 August and then $40,000, the high from 5 August and 13 August. With the contract making new highs there is no technical resistance level.
To download the latest edition of SSY’s Technical Analysis, visit SSY Navigator.
To subscribe, contact navigator@ssyglobal.com
Articles
You may also be
interested in
View allGet in touch
Contact us today to find out how our expert team can support your business
















