I MIGHT BE BIASED, I wanna be clear but read what I think.

This bearish pennant usually breaks down, if you notice there’s a ichimoku resistance upward confirmed by VLPR as well. Volume is clearly going down and we should see a spike when price breaks down (or up if I’m wrong) and there’s a clear contraction of price (shown by ATR) which means that break is coming as volatily is low.

If you enter now use the pennant to define your stop loss, I’d say 30.4K would be a decent stop loss from here. If you wanna be super safe wait for price to go below that short dashed line below the pennant .

Now you’ve probably read a lot of “bottom is in” tweets and you’ve noticed that the weekly chart looks like bottomed

but I think that this is not the last red candle, we can still have a smaller weekly candle to test the EMA 200. With a long wick maybe. I feel like 25-26K might be the bottom of the next weekly candle (not the wick, the body).

Why can I be biased: I’m currently shorting MANA, I wanna buy DOT cheaper and everyone is calling for the bottom now…. that means this is unlikely to be the bottom. Off course if some whale starts buying my TA means nothing but we can’t know!

Good luck, use stop losses in case I’m wrong