On the daily frame, I expect a new bottom to be formed soon, this bottom is outrageous to break the last bottom reached at $53
The failure to rise from the current levels to breach the $100 level, which corresponds to the mid-line of the descending price channel so far, confirms the formation of this new bottom that I am talking about.
In other words, we can say that the possibility of breaking the last bottom at $53 is certain as long as the price does not breach the $100 level
In the event that the prediction or scenario shown on the chart is fulfilled, and we witness a break of the last bottom, and consequently, we witness the formation of a new bottom near the levels of $45, then this matter will be built on.
I know this is all too early but I just wanted to share it with you so that you have a preconceived notion of what could happen
The failure to rise from the current levels to breach the $100 level, which corresponds to the mid-line of the descending price channel so far, confirms the formation of this new bottom that I am talking about.
In other words, we can say that the possibility of breaking the last bottom at $53 is certain as long as the price does not breach the $100 level
In the event that the prediction or scenario shown on the chart is fulfilled, and we witness a break of the last bottom, and consequently, we witness the formation of a new bottom near the levels of $45, then this matter will be built on.
I know this is all too early but I just wanted to share it with you so that you have a preconceived notion of what could happen
