I expect 1 of 2 scenarios I mentioned on the chart.

The first scenario: We bounce from this support zone
The second scenario: We go down till 3400 forming an inverted head with shoulders and then we can expect pre price at 5000$.


Subscribe and follow for more trade ideas :)
Disclaimer

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.