Recovery is imminent now. The reason for this is the RSI graph that you see at the bottom of the image. RSI is in a downtrend since early January this year. So, that is a very good indicator. A good indicator is something which has been holding for a very long time, in this case, 6 months. But now, it is more probable to break that upper resistance line than...
Trying to form Head and Shoulder pattern in higher time frame. Next support is 30-31k. If it falls below 29k, chances are there to go to around 20k because of H&S. Bullish if goes above 42-44k. NFA. Educational purposes only.
