The move over the MA25 (33.764) is recent, three days old; the first retest of that average is the real test. Even after recent moves, price is 40.7% under the 90-day peak at 77.35, so the bigger picture is still a recovery, not a trend. Daily RSI has moved from 46.2 to 69.1 over the last five sessions, so momentum is rebuilding. Today's volume is running at 2.2x the 20-day average — moves on that kind of volume are harder to fade.
Net read: $SOXSB is +10.6% today and the higher-timeframe structure supports it. I would stop treating this as an uptrend below 33.764.
$ETH has moved -0.50% in that time. The closest liquid mover is $INJ at +6.22%.
Net read: $SOXSB is +10.6% today and the higher-timeframe structure supports it. I would stop treating this as an uptrend below 33.764.
$ETH has moved -0.50% in that time. The closest liquid mover is $INJ at +6.22%.