Red lines - horizontal channel that price fell out of. I can see this 'double bottom' popping up a bit to 3400 with a bearish denial because of the bottom of the channel acting as resistance and high volume shown on VPVR.
Above that would be the middle of the channel acting as resistance, as well as February open, and Money Box's support flipping resistance.
Blue box is where I am expecting chop before further dump into the 3100 region. That's a possible pump zone because everyone will be panic selling to into shorts covering. However, I think it's also possible that price will just sit there as more and more volume/traders leave the market. Then would begin the slow death grind into the $2,000 unknown.
Invalidated with a daily close above 3500
Above that would be the middle of the channel acting as resistance, as well as February open, and Money Box's support flipping resistance.
Blue box is where I am expecting chop before further dump into the 3100 region. That's a possible pump zone because everyone will be panic selling to into shorts covering. However, I think it's also possible that price will just sit there as more and more volume/traders leave the market. Then would begin the slow death grind into the $2,000 unknown.
Invalidated with a daily close above 3500
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)