Forming a bearish / descending triangle pattern with the tendency to close out the $42000 shadow.
Support area (green) must not be compromised since a breakdown from that point will push the market further down.
Support area (green) must not be compromised since a breakdown from that point will push the market further down.
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Breakdown from support is confirmed! Yet the rejection candle looks suspicious as of the moment. I foresee a chance of forming a double bottom pattern now
A closing below the support is needed as a breakdown confirmation