Looking at our trend timeframe we see price formed a lower high at 80000, followed by a drastic push towards the downside. Price is now looking to form a lower low after breaking through our major support, expecting a drop towards 25000 if we do not hold at 30000. Momentum heavily shifted towards the downside.
Shifting over to our pattern timeframe we see price currently testing our 350000 support zone. Stochastic RSI showing momentum is heading towards the upside, however price is showing otherwise. A daily close above 40000 activates our trade, until then we wait for price to find support.
