Trend fib of the wedge show 2.8k~ bottom. The symmetrical triangle shows a break down to around same levels.
Expect shorts hit ath, get squeezed and fomo kicks in to rally it. 2.8k mentioned a lot before we saw the drop below 6k and now all roads point to it.
Please throw me a thumbs up, if you agree. Would like to talk in chat and need 20 rep.
Seeing very similair as we did in may. Bearish continuation on rsi looks to confirm the descending broadening wedge.
Already has much lower rsi on the weekly and daily so expect a much shorter time in the wedge before the bounce.
Soon, I believe we will see a sharp sell off to the bottom of this descending wedge to mid 2ks. Next we will rally with shorts closing and give a strong bullish div on the daily and a big bottom wick on this weeks candle.
Mirror the chart and it’s a big fat Adam and Eve.
Just an idea.