A bear flag
has formed and further drop
in price can be expected (to $2100-2600 range). This drop
of price will create another dip for RSI
. If that dip is the same or slightly higher than the first dip, this will be the confirmation that the bottom and the price will rise to 50EMA from there on. The test of RSI
dip is required. It was also observed in January 2015 before the long bull market started. This is not a trading advice, DYOR before investing..