Drop could re-test lows
We are currently in a huge bearish triangle descending to around $180. There is a massive old support at 203 (also the Yearly S1 Pivot point and the conclusion of the Elliot Wave) so we could see the bottom of this cycle or a bounce at this level if the support holds. If we break the support, a drop to $180 or lower is on the cards.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.