LINK Prediction based on fib levels and feels
This may not be a quick recovery. I don't think it will go below the bottom trendline unless it's very briefly. More likely to have some sort of bounce from here, given it's a frequent buy level as you can see from all the demand tails here.
Comment:
If this pulls back up for another demand tail, it will move upward for the depth of this double bottom, which would also support retracement to around the 50% fib level
Comment:
Just fixed the fib level. Not sure what I was doing there. Orange arrow is more likely as that fib level matches up with the trendline
