- On the weekly chart we can spot a descending triangle, the most bearish technical pattern.
- Currently, the triangle is breaking down with strong bullish momentum.
- Another 40% drop is very likely at this moment.
- Next support is bottom of the blue trendline and horizontal line from 2019.
- Currently, the triangle is breaking down with strong bullish momentum.
- Another 40% drop is very likely at this moment.
- Next support is bottom of the blue trendline and horizontal line from 2019.