If it doesn't hold the trend lines it will fall quickly to the Target
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MM are short, now we have 3 target down
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first level broke the second is very important is way back trend line.
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zone 2 now is crucial resistance if the price stop there and goes down is very bearish signal and we can go at the target 5000 area very fast.
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Went down as predicted there was a short set up as I highlighted on the chart, price stopped on the trend line green a would try a long here stop 7080.
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forgot to say the long target, 7850
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area 2 become a resistance area, if the new downtrend channel will work we go down now.
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1 hour is more gives more clear idea where we are
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The slow MM will put pressure on the price. Very likely that this mini accumulation will be broken down.
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7260 first target
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Slow MM are crossing good sign for long Bias.
despite there is a big resistance I start to accumulate longs from here.
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It hit the resistance area should go down 7600 area there I buy more
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this is bad again a short set up all the longs I stop 7300
very likely we might go up to 7900-8000 localy till next dip. Selling pressure weakened and every bear run being suppresed. Inverted H&S confirmation If cross 7600$