Observed symmetric triangle in progress.
Current price drop could be supported at the previous long-term bearish trend line along with the support zone where 50, 100, 200 EMAs are.
However, found a clue from broken RSI channel which could mean EMAs I suggested above could be broken any time soon. Seems like it is more likely to find support at the short-term bullish trend line (indicated in bright green).
If lost SL at early $ 6,500s.
If lost, that would be a great entry point for those who short and for those who long, probably have to wait till retesting the longer-term bullish trend line (indicated in darker green).
Current price drop could be supported at the previous long-term bearish trend line along with the support zone where 50, 100, 200 EMAs are.
However, found a clue from broken RSI channel which could mean EMAs I suggested above could be broken any time soon. Seems like it is more likely to find support at the short-term bullish trend line (indicated in bright green).
If lost SL at early $ 6,500s.
If lost, that would be a great entry point for those who short and for those who long, probably have to wait till retesting the longer-term bullish trend line (indicated in darker green).
Support at short-term bullish trend line confirmed