This is just an update from my previous chart. Price is above SMA 50, and above SMA 100. RSI is rather bullish. Price is moving in up channel. The worst scenario is touching major support of 8600$ and accumulating in blue box until return into a channel. However, the second scenario of just touching blue box is more likely IMHO.
Comment:
was a bit deeper correction, but looks like price will soon jump up after accumulation phase
Comment:
accumulation phase within 8600-8900 area, then bulls will do their job