Good day! Firstly I would like to say that shark pattern is a bit dirty as CD gone far away deeper than 1,13 of XA , but it rebounded from 2,24 lvl of BC so I think it is a shark(as other lvls are good). Secondly here is a great possibility of double top. And thirdly we should not forget about ascending wedge breakout on 1D chart.
Also the current crab formation on 1D chart that confirms the falling tendency has an ultra strong 1,618 lvl (what actually created consolidation).
All in all, we should wait a bit more. Wait till price crossing 49k and goes lower.
If so, local target is 42k and lower.
So my view here is that now is the reverse point.
And in global goals 28k is ok.
Also the current crab formation on 1D chart that confirms the falling tendency has an ultra strong 1,618 lvl (what actually created consolidation).
All in all, we should wait a bit more. Wait till price crossing 49k and goes lower.
If so, local target is 42k and lower.
So my view here is that now is the reverse point.
And in global goals 28k is ok.