I´m playing with the fractal chart and its kinda creepy how similar the patterns are now compared to the bottom of 2015. In the weekly chart with MA 20 50 100 200, having 3 MA crossings behind us it looks like we are at May 18 2015, touching the 20 MA. Following that scenario, then likely a correction is coming down towards 200 MA ($3400-$3500) and then soon a bullish move up to visit the 50 MA , possibly around $5600 ?
price is struggling to go above the blue trend line, and a bear flag is forming , another potential drop incoming, this scenario will be invalid only if price close above the trend line which is less likely.
Up or down who knows.. could be a good thing to test some lower support too.