The previous chart showed an ascending triangle which has now broken. Target is shown on the chart.
Ichi cloud, not shown, pushed the price down as we couldn't break it, also bear divergence is playing out as shown by blue trendlines on the graph and stochastic indicator.
Now looking to hold the sideways channel but I'm still bearish, slight relief before breaking down, blue boxes are short to medium term bounce areas.
In usd, targets are $7.5k 5k
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Ichi cloud, not shown, pushed the price down as we couldn't break it, also bear divergence is playing out as shown by blue trendlines on the graph and stochastic indicator.
Now looking to hold the sideways channel but I'm still bearish, slight relief before breaking down, blue boxes are short to medium term bounce areas.
In usd, targets are $7.5k 5k