DimTheGreek

DimTheGreek

I don't have much to say about what we see here. In my perspective, there appears to be a bearish flag forming, indicating a potential downward trend. Additionally, considering the previous spark in RSI and the confirmation by MACD, I believe we now have a second signal suggesting further price decline.

DimTheGreek

Just looking at the daily candles and found out that there is a bearish triangle pattern. We have our resistance line at 0.382 fib level. If the bearish triangle pattern confirmed we are going to search support at 0.618 fib level. Hope that I am wrong enough and that theory will not come true.

DimTheGreek

Looking like the chart is going to follow a reverse head and shoulders pattern. If so, it has to brake the resistance line and make at least one support on the same line. Just how I see things :)