Looking at the chart we can see a confluence point of this of the medians of two pitchforks for this uptrend around mid-late july. If the current downtrend continues we should bounce from there at 6200-6300.
Comment:
At the moment we are hovering above a confluence point 2 pitchforks and a fib circle. So it's possible we bounce up from here to the next confluence at the purple circle and orange pitchfork.
Comment:
Technically the price should revolve around the median of a pitchfork so this downtrend should continue until mid july.
