Like I mentioned in previous forecast we broke support line of descending triangle on daily. Now we are in downtrend inside of descending channel on 12h. If we will break middle line of the channel and next candle after braking will be closed lower of this line, I’m looking to touch down line. My forecast is $5,500-$6,500 and after consolidation will looking for bulls until halving.
Comment:
As we see price was rejected from middle line and now I’m looking for two scenarios. First price will go up till bottom of descending triangle on daily, which was broken earlier and after that will go down again, or we will need some time for accumulation and will broke down middle line in 3-7 days.