Lets zoom out on a weekly chart and plot some obvious trend lines on the log scale. We can clearly see that there are 3 major trendlines converging that should stop the rot and provide a base to move upward from. If we use the 2014/2015 movement I have predicted what could follow in the coming months . . . .
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.