After closing the week at the red dotted line, today's candle immediately lose steam. Probably baseline support will be around 6500 zone to form morning star pattern on weekly candle this week. Last week candle closed like an inverted hammer pattern, let see if this week give us a bullish confirmation. Candles still moving in the formation of W pattern aka double bottom.
Short term moving average : still downtrend and rounding
RSI : -
Depth Chart : wall still at 6000
Weekly Timeframe : closed with inverted hammer and still on downtrend
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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Excellent report, thank you!
The end of the taxes will be interesting for whether the bulls will pull through. Otherwise downtrend as you identified presents a more compelling case.
It's possible but it will just be a bounce...