Break through descending trendline.
This is the scenario I think may play out- a continuation of the downtrend to a psychological 50k support level where a bounce is to be expected possibly through the trendline. If the trend breaks then support may be achieved at 54-55k.
If this support is tested- next stop 60k.
If this support is tested- next stop 60k.
Disclaimer
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.