Hi Everyone! The 2-Day time frame shows potential to fall down to the Orange Lower B-Band with a little bit of expansion at $35,750. Which is fairly close to the 100 Moving Average (100-MA) in the Weekly at $35,991 at this writing. Our Red RSI and Blue LSMA are below level 50 in the 8-Day through the 2-Week time frame. The only time frame lagging behind the others without the Blue LSMA below Level 50 is the 4-Day time frame. So, it’s possible during the current 4-Day or the next 4-Day candle, we might see a drop towards the price points mentioned. Yes, there is a possibility to fall lower. However, I’m simply pointing out price targets we see at present. We need more time to see if we can potentially continue falling further.

Happy Trading and Stay Awesome!

David