Looking at the chart we can see a confluence point of this of the medians of two pitchforks for this uptrend around mid-late july. If the current downtrend continues we should bounce from there at 6200-6300.
Note
At the moment we are hovering above a confluence point 2 pitchforks and a fib circle. So it's possible we bounce up from here to the next confluence at the purple circle and orange pitchfork.
Note
Technically the price should revolve around the median of a pitchfork so this downtrend should continue until mid july.
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