Since the RSI and MACD still indicate further fall in price lets evaluate our closest support.
As seen on the chart I think one of the first support could be the 1D MA50 (Yellow).
As of now the support of the moving average will come into play around 28k-30k
If the price action continues to fall after coming into contact with the MA50 we could see a test of the purple trend line which would likely be around 25k-27k
Then if the fall continues we will have to re-evaluate then.
Still lets not get ahead of ourselves we'll have to see what happens when the price will near the 1D MA50.
I am not saying the price action can't reverse at 30k btw, simply unlikely imo.
Thank you for reading!
As seen on the chart I think one of the first support could be the 1D MA50 (Yellow).
As of now the support of the moving average will come into play around 28k-30k
If the price action continues to fall after coming into contact with the MA50 we could see a test of the purple trend line which would likely be around 25k-27k
Then if the fall continues we will have to re-evaluate then.
Still lets not get ahead of ourselves we'll have to see what happens when the price will near the 1D MA50.
I am not saying the price action can't reverse at 30k btw, simply unlikely imo.
Thank you for reading!