The counter has topped out in the near-term charts.
It formed a significant high of 1.14800 and unable to hold on to the gains it slid down to the support of 1.13582.
It then made an effort to take down the previous high but a head and shoulder pattern has formed.
So, the entire structure could be attributed to lower high formation in the making.
If bitcoin has to break upwards towards the 9,500 $ mark, it should happen within the next 8 working days....
If these current levels breaks downwards, then it will take support at 5765 $. Very crucial level.
SREIInfrastructure has bearish formation here with resistance from the ICHIMOKU cloud on top as well as a fall below the EMA(200). MACD signal is also bearish. An overall bearish movement with lower high's and lower low's.