JPM - The banking crisis is not overBesides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets.
Massive bearish divergence in RSI.
Price being rejected at the 25 MA, that will most likely lead to a death cross
MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes)
PPO printing a bearish alert for the first time in its history at 6M (not shown)
I think it will fall to the 0.786 retracement /400 monthly MA / previous top of 50$ minimum . It can go much lower as the MACD suggests, but a 70% is a common retracement for a JP Morgan bear trend and every time it enters a bearish market a retracement to its previous top and to the monthly 400 MA is a guaranteed target.
I think this won't affect negatively the cryptomarket as some people suggest.