We have some major rejection from the 20 EMA on the 4hrly forming a bearish flag

[IMAGE: https://steemitimages.com/DQmXvebdHL9RK9D536o3Wr6k7JBgURWN5nDuiaks9TURhiW/image.png]

The daily has not managed to confirm the hammer and we are starting to see some rejection

[IMAGE: https://steemitimages.com/DQmQJSLz3o3uCsndXJcswkHjsCYB7zpwi7qsXFSibEH18fA/image.png]

A downward break of the flag will lead the price to fall to the green region of support
[IMAGE: https://steemitimages.com/DQmQcEjonioAoeVWeHRwefaEpjmozkRSHb2STPREdJa4LYU/image.png]

here is a potential count for the correction

There is a probability for a c wave forming however it might not and bear market correction might have already complete
[IMAGE: https://steemitimages.com/DQmXM1Lf9D3CrEW9A9A45ya51nocDpt75vkgsSdAzCW2XSz/image.png]

once again watch the global market cap there is still potential for a multi week bear market to 170 bln. It is possible however a minimum target is 320bln.

[IMAGE: https://steemitimages.com/DQmZqDgLeZgx55u3rmu8CiibWPxJdB9iWqENQBndWfoh1hh/image.png]