Looking at our trend timeframe we see price has broke our potential uptrend started on December. Stochastic RSI showing momentum is nearing bottoming out. Expecting price to drop towards 120000, where we could see a potential double bottom at this level.
Shifting over to our pattern timeframe we see price forming lower highs and lower lows. Stochastic RSI showing momentum is heading towards the downside and price is following. Shown above are two potential support zone, deepening on how much momentum the bears gain we can be seeing a drop towards 50000 where we could be seeing a double bottom as well.
