After the Daily closing and the continuation of the downtrend, we can see three scenarios!
The first most likely scenario: We will see a continuation to the downtrend to Breakout the 25200$ zone and to reach the 24200$ – 23800$, after the rejection of these zones we can see a pull back as correction to the 24881$ – 24440$ zones. After the corrective movement. We we will see a dump in the market to reach on a long term the zones of 21912.1$
The second scenario: We will see a reversal of the downtrend by a pump to the 26300$ – 26460$. After it we will see a pull back as correction to the 25800$ – 25700$. The next movement will be a pump above 26600$. After the fake pump we will face a big dump bellow the zones of 24100$
The third less likely scenario: We will see a total reversal of the down trend movement by a huge pump above the 27000$ zones and to break the structure creating an uptrend. After the pump we can see a correction to the 25900$ – 26100$ zones, an uptrend to reach the zones of 27400$ – 27600$, a correction to the support zone at 26600$ – 26200$, after it we can see the biggest pump to the 28600$ – 28800$ zones. And the biggest surprise will be the dump to the 21300$ – 21500$
Disclaimer: These are expectations for the upcoming week, don’t take it as a financial advice.
