There is a Wyckoff accumulation pattern seen on the hourly chart. Take a look!
I think the price will rebound towards the nearest supply zone. Why? Because we have: - a successful demand zone rebound - a double bottom - a bullish price-RSI divergence - and high volume. And it is all that I wanted to pass on to you. Look at the chart!
Due to a similar formation that has already occurred twice, I predict a breakout from the channel and further drops, maybe to the retracement of 13850, where there is a demand and a fibo retracement. Even stronger support levels are on the retracement of 10850 and on retracements lower than 9000 (also fibo levels). This construction is based on a channel, a false...