From the downtrend we have seen the first sign in change of character on the daily chart . The price then failed to create a new low, rather it broke the structure again to make a higher high.
Currently the price has come down near the demand level as well as the Fibo 786 to 850 level which is the golden zone. This should be the last leg down before the jump.
If this fails then we could see break below 34k down to 30k as well as the price could still be in a downtrend on the weekly time frame
Currently the price has come down near the demand level as well as the Fibo 786 to 850 level which is the golden zone. This should be the last leg down before the jump.
If this fails then we could see break below 34k down to 30k as well as the price could still be in a downtrend on the weekly time frame