Clear downtrend channel goes hand in hand with the RSI.
Last level of support is at 2500 sats. If that breaks it should hit the bottom of the channel. From there it might bounce back up and 2500 sats support becomes resistance.
With the way the market is at the moment i doubt it will find support at 2500, it seems to be going down that line, hit the red box in the channel, try to break resistance at 2500 again and fail if the market is not ready by that time.
EMA 55, Ichimoku, RSI, Trendlines, market sentiment and low volume all together seem to confirm the bearish trend with no sign of reversal.
Last level of support is at 2500 sats. If that breaks it should hit the bottom of the channel. From there it might bounce back up and 2500 sats support becomes resistance.
With the way the market is at the moment i doubt it will find support at 2500, it seems to be going down that line, hit the red box in the channel, try to break resistance at 2500 again and fail if the market is not ready by that time.
EMA 55, Ichimoku, RSI, Trendlines, market sentiment and low volume all together seem to confirm the bearish trend with no sign of reversal.
Comment:
Reversal might be on it's way if it does not break the 2500 sats level. updated my chart