We broke an important trend line (the yellow line). Besides that we have a Shooting Star candlestick pattern. These are enough reasons to say for sure that we started a downward trend.
The target where I calculate could find a great support would be in the area of $5200-$5000.
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.