The 4th day of consolidation, are the bears taking a break to recover energy or are they exhausted from the push ? Both day and weekly time frame candles hovering on to the red dotted longer term support trend line. There's still room for downward push till bottom of the green channel then awaits the breakout further south either from green channel or the extended head and shoulder pattern. Possibility of short bounce downwards till it hit the next major price marker around the previous lows of 5800 zone (purple line intersection with the green downward channel) which is make the RSI head into oversold zone again and trigger orders.
Short term moving average : still downtrend
RSI : -
Depth Chart : new wall around 6000 | bear volume weaken
Long Term MA : 100 crossed 150, 50 crossed 200
Weekly Timeframe : still downtrend, candle still hovering on red dotted trend line
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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