Still short for more some days until price breaks up resistance!
I can see two triangles on the chart.
Case 1 green triangle :
More likely. In this case scenario, we should see the price achieve the bottom between Feb 2nd - Feb 26th with a bottom range between $8700-$7700.
Case 2 yellow triangle:
I considered this case because I can see what can be a possible double bottom around 10k.
To confirm this case we should see the price bouncing inside the yellow triangle with a break up of resistance until February 2nd.
The decreasing of Volume is also a good indicator for both patterns!
Case 1 green triangle :
More likely. In this case scenario, we should see the price achieve the bottom between Feb 2nd - Feb 26th with a bottom range between $8700-$7700.
Case 2 yellow triangle:
I considered this case because I can see what can be a possible double bottom around 10k.
To confirm this case we should see the price bouncing inside the yellow triangle with a break up of resistance until February 2nd.
The decreasing of Volume is also a good indicator for both patterns!