A major trend is depicted by an upward channel,although it's not a fully formed channel it looks like one. Prices are likely to follow higher time frame trend lines, so its likely prices will keep on dropping for the next few weeks.
Once the price reaches the bottom, a trend reversal will present itself indicated a buy opportunity at key level of support and resistance. I am predicting that prices will take 3-8 weeks to reach my profit target based on historical data.
Once the price reaches the bottom, a trend reversal will present itself indicated a buy opportunity at key level of support and resistance. I am predicting that prices will take 3-8 weeks to reach my profit target based on historical data.