Broke down below the .618 fib easily. This could indicate more bearish momentum or a fake out to shake out the weak hands on a Sunday and market will turn once Monday comes about.
Only bullish scenario here is - Gartley pattern - Similar fractal play to the previous 6k pattern - Volume is picking back up could indicate exchange from weak hands to strong hands
The bearish scenario is of course a retest of the trendline showing confirmation of broken uptrend and trading downwards to 4.5k during the following weeks.
Entering a long now is a good risk reward with tight stops.
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