Although today's dump puts a damper on enthusiasm, there are some bullish indicators that give some hope. The price action hit the support of an longterm ascending triangle (blue), hopefully it will not break down from this triangle. The price action formed a bullish bat pattern, which give credence that the price will reverse and test the top of the triangle again. The RSI found support on a longterm trendline (orange). Each time the RSI hit that trendline it tended to go up again. The RSI stoch is oversold.
The price action is still outside the large descending channel (purple), it will be unlikely in my opinion that the channel will be retested.
The price action is still outside the large descending channel (purple), it will be unlikely in my opinion that the channel will be retested.
