At every major correction, daily RSI 14 touched 30. We are still not there yet. Moreover, if the red trend line is broken down, the next one is around $6000. That is close to the edge of the falling wedge. I think $6000 has become more than just a low risk doom-day scenario.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.