Looks good only thing now Ive noticed is the 200 day average is in slight decline.
Also noticed this. Based on current candles being replaced with new ones, price would need to reclaim $23.6K to $22.6K in order for it to flatten out again. It will otherwise it will take 3 weeks before it will start rising again in near term if price holds $20.8K. It is still currently higher at $19.7K than the price it was crossed at $19.5K, so may well just drift back down to that level with price remaining above it...
Overall I haven't put that much consideration into it, it still remains relatively flat even if slightly trending downwards now. It just confirms that 200 days ago price was at slightly higher levels than they are now.
Backtest completion would confirm with close of weekly bar I think it will be good to take a conclusion then. A pullback is always quite normal so I hope we are so slight as to only pull back this much, it does appear we now line up quite nicely with prior peaks suggesting possible support for more then one reason.
Likewise I see the weekly candle as being more relevant for confirmation of new support. Price could quite easily come down to $20.5K but still close above $21.5K without much effort.
