Forming a bearish / descending triangle pattern with the tendency to close out the $42000 shadow.
Support area (green) must not be compromised since a breakdown from that point will push the market further down.
Support area (green) must not be compromised since a breakdown from that point will push the market further down.
Comment:
Breakdown from support is confirmed! Yet the rejection candle looks suspicious as of the moment. I foresee a chance of forming a double bottom pattern now
A closing below the support is needed as a breakdown confirmation