Bearish case if we are in Distribution!
Updated
So we need to overcome 30 weekly average to be bullish. If not, I would say we can repeat the rejection of the past and go as far down as 23$ as a final step by end of March to recover from there, as last point of the Wyckoff distribution schematic.
I estimated target bottom by looking at previous S/R levels and using a pitchfork to get the diagonal lines that cross that S/R levels.
I estimated target bottom by looking at previous S/R levels and using a pitchfork to get the diagonal lines that cross that S/R levels.
Trade closed: target reached
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