As we are very close to the 100-day SMA and the support line coming back from March 2020; I think a bounce to 30 USD is likely at this point. Also watching the RSI closely as it should confirm this move, too.
Apart from the double top formation; my observations supporting a bearish BIST 100 are:
Already broke the 21 and 50 day SMAs.
Broke the upward trend for RSI.
Targets:
1380-1420: 100 day SMA and %78.6 Fibonacci level.
1280-1300: 61.8% Fibonacci level and support from the upward trend starting March 2020. This will also likely be around the 200 day SMA,...
