IF (big emphasis on if) we break below the 100 MA (4hr) and turn 7.2k resistance we could easily form a head and shoulders with a PT of around 6.8k. I'm not really putting much weight on this happening and won't be trading based on this assumption unless we have a convincing breakdown to the mentioned range. For the time being I'm thinking that test of low 7.2k a bit ago was backtesting/confirming support (for now).

Lots of support on the way down, so I would rather rule out any possibilities for a 5k coin.