Previously, I have correctly called the bearish breakout of a potential pennant. However, the crash was not as big as i have expected. Currently, there is another bearish pennant forming and I believe, a potential drop is imminent. Personally I do not think this is the bottom as the volume is still low and there needs to be a huge drop in price towards the 3k+ for volume to come back in again.
Stochastic has reversed off its resistance and this reinforces the potential of an upcoming drop.
Share with me what you think about my idea! thank you so much! :)
Stochastic has reversed off its resistance and this reinforces the potential of an upcoming drop.
Share with me what you think about my idea! thank you so much! :)