The first thing i did was setting up the resistant and support levels. The moment the levels were set, I moved on to the second part the overview. Looking for a ch- art pattern. The chart pattern i found was a Descending triangle a bearish pattern. Which had an bearish outbreak. For my prediction i use a parallel line, I set the parallel line on top of the triangle and move it down. I move it down to the point I meet the lowest end of the candle i drew it from. For a prediction i'm used to continuing the line. In this case i stopped at the outbreak. And coincidental the outbreak exactly hit the same place as my prediction did. The marked still gives a bearish signal i used the RSI and MACD for a final certainty.
I hope you guys can learn something from this analysis. best regards, Junktard