A possible head and shoulders formation is forming on daily chart , I expect a right shoulder, bouncing from the long term trendline. If this occurs, there is a possibility of price fall.
This is for educational purposes, I'm fairly new to trading. Any criticism is welcome.
The lower highs both on daily RSI and closing candles provides some hints on levels to watch out for. I believe any daily close above 6700s nowadays and any breakout above 7000s(provided that turns this old resistance into new support) might indicate beginning of a new bull season.
This material is for educational purposes, I'm fairly new to technical analysis....